Fewer Parents Are Using Retirement Funds To Pay For College -- Thank Goodness

Tapping your retirement plan to cover tuition costs is a move that could really hurt you in the long run.

Topics:  retirement   
BING NEWS:
  • How to use your 529 plan to pay off student loans
    While it was originally set up as a way to pay for the spiraling ... Act 2.0. You can convert funds in the account to a Roth IRA, starting in 2024. The act also made it easier for those with student ...
    11/22/2024 - 3:53 pm | View Link
  • 5 FAQs About 529 College Savings Plans
    Thanks to recent policy changes, families have more options for what to do with money sitting in tax-advantaged 529 accounts.
    11/20/2024 - 11:36 pm | View Link
  • Should You Worry About Overfunding Your 529 Plan?
    Why are some people hesitant to use them? One common concern is oversaving. You can use 529 funds to cover only qualified education expenses without incurring a tax penalty, but it can be hard to ...
    11/11/2024 - 7:19 am | View Link
  • FINANCIAL FOCUS®: Retirement or college funding: The dilemma for parents
    First, your children have a lot more time to pay for college than you have to save for retirement ... you could use these funds to invest in an education savings vehicle, such as a 529 plan.
    10/25/2024 - 11:18 pm | View Link
  • Expert retirement tips for recent college graduates
    Saving for retirement can be a daunting task, especially if you're a recent college graduate. Bob Powell, editor at Retirement Daily, joined TheStreet to discuss how young professionals can kickstart ...
    10/19/2024 - 4:00 am | View Link
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