College
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25 Best College Majors for a Lucrative Career
college One way to increase your chances of earning a good living is to pick a college major that prepares you to work in a field that pays well. Here are some of the best options and how you might expect to fare.
By Karon Warren Last updated
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How Intrafamily Loans Can Bridge the Education Funding Gap
To avoid triggering federal gift taxes, a family member can lend a student money for education at IRS-set interest rates. Here's what to keep in mind.
By Denise McClain, JD, CPA Published
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How an Irrevocable Trust Could Pay for Education
An education trust can be set up for one person or multiple people, and the trust maker decides how the money should be used and at what age.
By Denise McClain, JD, CPA Published
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UTMA: A Flexible Alternative for Education Expenses and More
This custodial account can be used to pay for anything once the beneficiary is considered an adult in their state. There are some considerations, though.
By Denise McClain, JD, CPA Published
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Best 529 Plans of 2024
Check out the best 529 plans of 2024 and find the best plan for your child or grandchild’s college savings.
By Erin Bendig Published
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Coverdell Education Savings Accounts: A Deep Dive
While there are some limitations on income and contributions, as well as other restrictions, a Coverdell can be a bit more flexible than a 529 plan.
By Denise McClain, JD, CPA Published
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Recently, 529s hit a new milestone — over half a trillion dollars is being saved in 529 plans across the country.
Recently, 529s hit a new milestone with over half a trillion dollars being saved in plans across the country. Why are 529 plans so popular?
By Erin Bendig Published
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529 Plans: A Powerful Way to Tackle Rising Education Costs
Contributions to 529 plans grow tax-free and are not taxed when they are used to pay for qualified educational expenses for the beneficiary.
By Denise McClain, JD, CPA Published
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Use this Super 529 Strategy to Jumpstart College Savings
This 529 strategy — superfunding a 529 — can help you maximize savings for a child or grandchild's education expenses.
By Erin Bendig Published