College Financial Prep

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M This month many are adjusting to the school year.  College may see like a long way off.  Many parents pay attention when their child enters Senior year, a costly delay.

V College 529 Savings Plans can be opened when a child is born, your child, or a relative.  These state administered investment accounts are to be used for qualified education expenses. Earnings grow free from federal income tax. Qualified expenses include tuition, mandatory fees, textbooks, computers and software, even room and board if enrolled in at least half time in some cases.

M These funds can also be used for trade and vocational schools. Possibly a wise investment for your child’s future.