College savings
July 25, 2018
M I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M College costs are daunting and important. Start planning early.
V 529 accounts are a good way to begin college savings in the very early years of a student’s life. Besides using that money for college tuition, you can now use up to $10,000 tax free to pay for private elementary and secondary school expenses with those funds. This is good news if your child attends a private Christian school, or any private school. Teaching young children, teens and young adults, to save early is always a good idea. Get them involved. Matching their contributions to their own savings is a great way to encourage work ethic and personal savings disciplines.