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 […]
Parents can now use 529 plans to pay for private school – but should they?
by
Kristin McFarland, CFP®
on
February
06,
2018
in
College planning,
529 Plans
The 4 Biggest Money Mistakes New Parents Make and How to Financially Prepare for a Baby
by
Kristin McFarland, CFP®
on
October
10,
2017
in
Financial Planning,
College planning,
Financial planning for new parents,
Wealth and Family
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 […]
Complete Guide to Saving For College with a 529 Plan: Part Two
by
Kristin McFarland, 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 […]
Complete Guide to Saving For College with a 529 Plan: Part One
by
Kristin McFarland, 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 […]
Complete Guide to Saving For College with a 529 Plan: Part Five
by
Kristin McFarland, 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 […]
Complete Guide to Saving For College with a 529 Plan: Part Three
by
Kristin McFarland, 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 […]
Complete Guide to Saving For College with a 529 Plan: Part Four
by
Kristin McFarland, 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 […]
Strategies to Maximize College Savings and Financial Aid
by
Kristin McFarland, CFP®
on
April
06,
2016
in
Financial Planning,
College planning,
Financial planning for new parents
This article was originally published on U.S. News by Kristin McFarland, Wealth Advisor at Darrow Wealth Management. Paying for college is a significant concern for many families. Federal financial […]
Pay Yourself First: Save for Retirement, Then College for the Kids
by
Kristin McFarland, CFP®
on
February
23,
2016
in
College planning,
Retirement Planning,
Financial planning for new parents
This article was originally published onU.S. News by Kristin McFarland, Wealth Advisor at Darrow Wealth Management.
Even when finances are tight, there are several strategies to make the most out […]
Give the Gift of College: Starting a 529 Plan
by
Kristin McFarland, CFP®
on
November
18,
2015
in
Financial Planning,
College planning,
Asset Management
Whether celebrating the arrival of a new nephew or a granddaughter’s first birthday, relatives (and friends) are often looking for meaningful gifts for their loved ones. With college costs at record […]
