Saving for College & the Tax Code

Saving for College & the Tax Code

Author: Andrew P. Roth

Publisher: Taylor & Francis

Published: 2001

Total Pages: 284

ISBN-13: 9780815339564

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Placing the recent rush to use tax incentives as a new source of student financial assistance in both its historical and theoretical contexts, this book documents the rise of tax-advantaged college savings plans and how they signal the shift to solving the challenge of middle-class affordability and its replacement of the twin goals of access and equity as public policy's greatest higher education funding priority. Including an in-depth analysis of the affordability crisis, a detailed encapsulation of the public-versus-private responsibility to pay for higher education debate and its historic roots, and the theoretical studies of student aid and the tax code, the book develops concrete definitions of the various types of tax-advantaged college savings plans, their origin and development and a detailed taxonomy of all such state-sponsored programs in the United States. Unique to this book, the taxonomy is based upon detailed State Profiles of all tax-advantaged college savings plans in existence circa 1999. Building upon the State Profiles and their taxonomic summary, the book analyzes the rhetoric of the documents surrounding each state's program's adoption in order to understand what the state's say such programs mean. Further, each program's characteristics are evaluated against a Continuum of "Publicness" in order to ascertain the state's position regarding the public-versus-private responsibility debate. The results is both a rhetorical and behavioral data set documenting the states' policy position elevating solving the challenge of middle-class affordability above the issues of access and equity. Although the concept of "publicness" is discovered to be highly ambiguous, thebook concludes with a Best Practices description of an ideal tax-advantaged college savings plan that maximizes public responsibility to pay for higher education. Such a program will be of great interest to all policy analysts and public officials concerned about maintaining the historic American commitment to access and equity.


The Best Way to Save for College

The Best Way to Save for College

Author: Joseph F. Hurley

Publisher: Savingforcollege Publication

Published: 2006-08

Total Pages: 302

ISBN-13: 9780974297798

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Provides an overview of how to use 529 plans to help finance future costs of education, including what to look for in a plan and state-by-state comparisons.


529 & Education Savings Plans For Dummies

529 & Education Savings Plans For Dummies

Author: Margaret A. Munro

Publisher: John Wiley & Sons

Published: 2023-03-14

Total Pages: 423

ISBN-13: 1394160348

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Don’t let money get in the way of your kids’ best education 529 & Education Savings Plans For Dummies helps you sort through the vast amount of information about education savings accounts and choose the plans that are best for you and your family. A college or private K-12 education is generally parents’ single largest expense for their children. 529 plans and 530 plans (Coverdell accounts) are relatively solid investment vehicles that can make saving for college much easier, providing tax advantages that other types of investments can’t match. Education savings can be part of your overall wealth accumulation strategy, and this book can show you which plans are right for you, help you decide when to start saving, and guide you through determining how much to save per year in order to meet your goals—and help your kids meet theirs. Learn about the different types of tax-sheltered and tax-advantaged ways to save for education Create a saving and investment strategy that makes sense for your family Demystify the 529 and 530 plan rules and maximize your tax advantage Help set your kids on the path to success and to their college of choice This is the perfect Dummies guide for parents or family members who want to begin saving for a college or K-12 education and who may want to supplement their current savings with tax-sheltered, education-specific accounts, or tax-advantaged investment accounts that may be used for education funding.


J.K. Lasser's Winning Ways to Save for College

J.K. Lasser's Winning Ways to Save for College

Author: Barbara Wagner

Publisher: John Wiley & Sons

Published: 2002-10-08

Total Pages: 242

ISBN-13: 0471273562

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SENSIBLE WAYS TO SAVE FOR COLLEGE From tuition and books to room and board, the cost of college is staggering-and it isn't getting any cheaper. What you're saving today may not be enough to cover the cost of your child's college education tomorrow. J.K. Lasser's Winning Ways to Save for College provides the most straightforward, tax-efficient strategies to save for your children's college education-whether they're eight months old or eighteen years old. Even if you've worked out how much money you need to save, you still need to make many other important decisions, such as how that money will be invested, the tax consequences of those investments, and how that investment portfolio should change over time. Don't wait! The faster you start saving, the sooner you can stop worrying. Key coverage will help you: * Choose the investments that fit into your college savings plan-stocks, bonds, mutual funds, CollegeSure CDs, and U.S. Treasury Bills * Use educational savings provisions in the Economic Growth and Tax Relief Reconciliation Act of 2001 to speed up the growth of your college savings * Understand how 529 savings plans stack up to prepaid plans, Education IRAs, UGMAs, and UTMAs * Select a financial planner who will help you plot a strategy for college savings * Apply for financial aid such as grants, loans, work-study jobs, and scholarships J.K. Lasser--Practical Guides for All Your Financial Needs Please visit our Web site at www.jklasser.com


Investing for the Future

Investing for the Future

Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises

Publisher:

Published: 2004

Total Pages: 172

ISBN-13:

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Kiplinger's Personal Finance

Kiplinger's Personal Finance

Author:

Publisher:

Published: 2010-06

Total Pages: 80

ISBN-13:

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The most trustworthy source of information available today on savings and investments, taxes, money management, home ownership and many other personal finance topics.


529 and Other College Savings Plans For Dummies

529 and Other College Savings Plans For Dummies

Author: Margaret A. Munro

Publisher: John Wiley & Sons

Published: 2011-04-27

Total Pages: 355

ISBN-13: 1118068882

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There’s no question: The cost of college continues to soar, even when the rest of the economy stagnates, and this reality is not likely to change any time soon. Fortunately, everyone, including you, the various governments (federal and state), and the colleges themselves, are in on this secret, so everyone can plan and plot, well in advance of that eventual first day of your child’s freshman year, ways to get that child there, and ways to help you pay the bills when they happen. Consider this book to be your accomplice. 529 & Other College Savings Plans For Dummies is simply a way to find a reasonable solution to a seemingly unreasonable problem: saving for future college costs in the sanest, least stressful way possible for you. In keeping with the theme of stress reduction, you can use this book in a variety of ways: As a reference: It’s all here: the ins, the outs, the do’s, and the don’ts. The world of college savings is one of very specific rules, and they’re here, in all their glory, and they’re all explained. As an advisor: It’s a case of the very good savings techniques, the merely okay savings techniques, and the truly ugly techniques (which you really want to avoid), and this book highlights them all. As a little light reading: Amazingly enough, the topic of money can be mildly amusing, and college savings is no exception. Read this with an eye towards the absurd, and you won’t go far wrong. This down-to-earth book is designed to explain the strategies that are out there to help you save, save, save. There’s no doubt that the bill will be large; there’s also no question that, with planning, strategy, and purpose, you can achieve your goal. To help you get there, this book covers all these vital topics, and more: Evaluating all your resources Understanding the basics of Section 529 plans Working around the 529 shortcomings Contributing to Coverdell accounts Choosing savings bonds that work Looking at your investment options Searching for scholarships, fellowships, and grants Tapping into your Roth IRA Financial Aid 101 In this one-size-fits-all world, the powers that be have recognized that all people don’t save money the same way. Some save more, some save less, some can live with risk, and others can’t tolerate any risk. Clearly, no two are alike, but you’re all savers, either present or potential. Numerous options exist that make saving possible and desirable for everyone. 529 & Other College Savings Plans For Dummies is here to tell you that it is possible to understand the costs associated with college, both right now and in the future, and then find ways to pay for those costs.


Help Your Child Build Wealth

Help Your Child Build Wealth

Author: Michael Sincere

Publisher: John Wiley & Sons

Published: 2024-11-04

Total Pages: 231

ISBN-13: 1394257252

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Build a better future for yourself and your children by making the stock market work for your family In Help Your Child Build Wealth: A Parent's Guide to Teaching Children To Be Successful Investors, bestselling author and investing educator Michael Sincere delivers an exciting and illuminating new take on the stock market. Perfect for rookie investors with children, this book explains exactly how you can get started as a long-term investor using index funds, ETFs, and individual stocks. You'll also discover how you can teach your kids about investing in a way that gets them excited about building wealth for their futures. In the book, the author walks you through what the stock market is, how to open a brokerage account, how much cash you'll need to get started, and how you can protect yourself and manage risk through diversification. You'll also find out: About new and interesting ideas such as a 529 or custodial plan and their proper place in a well-managed portfolio What the difference is between “active” and “passive” investing and which path is right for you How you can find stocks that perform well over the long-term and how you can use compound interest and dollar-cost averaging to multiply your profits Learn about the best investing apps and how to use them with your children An essential and easy-to-read financial guide for young parents looking to introduce their families to the stock market, Help Your Child Build Wealth is your (and your children's) ticket to a brighter and more prosperous future.


The White Coat Investor

The White Coat Investor

Author: James M. Dahle

Publisher: White Coat Investor LLC the

Published: 2014-01

Total Pages: 160

ISBN-13: 9780991433100

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Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!