This is the best family member to create a 529 college-savings plan for your child — and it’s not you
Financial advisers typically advise parents to create a college savings account when a child is young — but it’s the grandparents who should set one up. When Grandma and Grandpa set up a 529 plan, which is a state-sponsored college tuition account, the assets don’t count against the child when they’re filling out their financial […]
Americans Are Saving More for Retirement but Still Risk Falling Short
Retirement is an expensive prospect, so much so that most seniors need about 70% to 80% of their former income to maintain a decent lifestyle. Social Security will provide about half that amount for anyone who’s an average wage-earner; but the rest of that retirement income needs to be generated elsewhere, and for those who […]