Financial Advisor Insights

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

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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Pay Yourself First: Save for Retirement, Then College for the Kids

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

Even when finances are tight, there are several strategies to […]

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Give the Gift of College: Starting a 529 Plan

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 […]

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