Financial Advisor Insights

Should You Start a 529 College Savings Plan Before You Have Kids?

Couples with strong cash flows may be eager to start planning for the future. With extra cash laying around, some investors may decide to start a 529 college savings plan for their kids - before […]

Continue Reading

The Secure Act Means Major Changes to the Retirement System

The Secure Act was signed into law on December 20th, 2019, solidifying the most significant changes to the retirement system in over a decade. Though clarification on some of the finer points of the […]

Continue Reading

Parents can now use 529 plans to pay for private school – but should they?

by Kristin McKenna, CFP® on February 06, 2018 in College planning, 529 Plans

The recent tax reform legislation included sweeping changes to our tax code. One of the lesser-known provisions could benefit parents who plan to send their children to private school. The Tax Cuts […]

Continue Reading

The 4 Biggest Money Mistakes New Parents Make and How to Financially Prepare for a Baby

New parents and expecting couples undoubtedly have a lot on their mind. In all likelihood, the costs of raising a child and how to financially prepare for a baby are two of them. These financial […]

Continue Reading

Complete Guide to Saving For College with a 529 Plan: Part Two

by Kristin McKenna, CFP® on October 13, 2016 in College planning

Section 2: Understanding 529 Plans: Key Terminology

Understanding the terminology is a key component to developing a college savings and investment plan. The terms are defined below and will be […]

Continue Reading

Complete Guide to Saving For College with a 529 Plan: Part One

by Kristin McKenna, CFP® on October 13, 2016 in College planning

Qualified tuition programs (also called QTPs and 529 plans) are actually quite straightforward by themselves. Plans typically offer simple investment choices such an age-based asset allocation, and […]

Continue Reading

Complete Guide to Saving For College with a 529 Plan: Part Five

by Kristin McKenna, CFP® on October 13, 2016 in College planning

Section 5: Common 529 Mistakes

It is difficult to execute a “perfect” college planning strategy as there are often so many unknowns. However, it is very possible to develop a solid plan to save for […]

Continue Reading

Complete Guide to Saving For College with a 529 Plan: Part Three

by Kristin McKenna, CFP® on October 13, 2016 in College planning

Section 3: Investment Options and Fees

As previously discussed, plans typically offer prepackaged portfolios in 529 plans. Options may include age-based portfolios, risk-based, or interest-only […]

Continue Reading

Complete Guide to Saving For College with a 529 Plan: Part Four

by Kristin McKenna, CFP® on October 13, 2016 in College planning

Section 4: Strategies to Save for College

Even high-income families are concerned about paying for college. Even if funding isn't a big issue, what is the best way to save for college? As with […]

Continue Reading

Strategies to Maximize College Savings and Financial Aid

This article was originally published by U.S. News and written by Kristin McFarland, CFP®, Wealth Advisor at Darrow Wealth Management

Paying for college is a significant concern for many families. […]

Continue Reading
Wealth Management Financial Planning Advisor

Popular Articles