Growing up in a middle class family with parents who worked on the production lines of local factories, it was instilled in me from a very young age that education was the ticket to a better life. While times have changed parents still want to see a better life for their kids and education is still the key. American Dream: Worth Believing? As a new parent myself (my other identity is as ... Read More
Qualified Tuition Plan
Using Qualified Tuition Plans to Pay for College
Qualified Tuition Plans debuted in the mid-1980s as prepaid tuition plans. After Congress passed the Tax Reform Act of 1997 and clarified the tax treatment of plans, the rush was on to claim the hearts, minds and wallets of parents and grandparents as states sponsored plans with investment managers. For those who are unfamiliar with these options, let's review the basics: Prepaid Plans: These ... Read More
