Tag Archives | College Savings

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New DC 529 Plan Coming Soon

A new DC 529 Plan will be coming in 2017. The new DC 529 Plan provider, Ascensus, will hopefully eliminate the high-cost elements in the existing plan. 529 plans are a great way to save for college. Nearly all states have 529 plans. A 529 plan allows your contributions to grow tax free.  You don’t pay […]

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New Baby Financial Checklist

I’ve been thinking about a newborns recently and the need for a new baby financial checklist. These ruminations couldn’t be more timely. According to the Centers for Disease Control and Prevention, July and August have more births than other months. Cold winter months must lend themselves to romance! If you’ve recently become a parent (or a […]

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Maximizing the Virginia 529 Plan

I was asked recently whether it wise to contribute more than the state tax deduction amount of $4,000 to the Virginia 529 College Savings Plan. Virginia maintains two distinct plans: The InVest Plan, which offers stock and bond mutual funds. The investment earnings are not taxed as long as you use them for qualified higher […]

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