Are you aware of pre paid tuition savings?
Gerard Simonelli, CFP | May 13th, 2009Many pre-paid tuition plans are sponsored by state governments and have residency requirements. State
Posts Tagged ‘college planning’
Are You Aware of the Uniform Gift to Minors Account
Gerard Simonelli, CFP | January 18th, 2009
These accounts are self-directed so you can open a brokerage account, buy stocks and bonds or mutual funds. A UGMA is a custodial account setup in your child’s name. Any money you contribute to an UGMA is , by law, an irrevocable gift to your children. While UGMA accounts are not specifically designed to provide financing for college. Many investors however, use them for this purpose because the assets become available to the minor when he or she reaches the age of maturity, which in most statesis at the age
Learning more about the 529 Savings Plan
Gerard Simonelli, CFP | November 7th, 2008
Are you familiar with the 529 plans? They have become quite popular because of the benefits they offer college bound students but what do you need to know. Find the 4 reasons below:
Control- Unlike UGMA’s (Uniformed Gift to Minors Account) you never lose control of the assets as the
