Before you put money into a 529 college savings plan, you might want to consider this (Opinion)
The average annual cost of attending a private, four-year college hit over $48,000 last year. That’s more than double what it would have cost 20 years ago, and the cost for public institutions has grown at a similar rate.
You can’t just pay your kids for no reason. You have to justify that the rate you’re paying them is reasonable for the work they’re doing. On the other hand, under the new tax code you can pay someone up to $12,000 a year before having to worry about federal income taxes. And 529s are investment plans, just like your 401, meaning they’re exposed to market volatility.
At the same time, we’ve seen the rise of apprenticeship programs and accelerated education programs like coding boot camps, which have grown rapidly.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grieving Dog Owner Cancels Pet Food Order, Receives Portrait InsteadWhat this pet food company did for him was so sweet.
Read more »
Iced Marbles, Dog Kisses, and Other Creative Ways to Get Your Kid Out of BedWhen alarm clocks don’t cut it, our readers use tickle monsters, late fees, phone privileges, and these other unusually effective strategies to light a fire under kids with ADHD who can&8217…
Read more »
Many Republicans Don’t Like Planned Parenthood — But They Don’t Mind Birth ControlRestricting funding for organizations that provide both abortions and reproductive health services may not be that popular — even among a significant share of Republicans. More, via FiveThirtyEight:
Read more »
Kim Kardashian Opens Up About Having More Kids With Kanye WestKim Kardashian reveals if she'll have a fifth baby with husband Kanye West.
Read more »
North Korea warns the U.K., France and Germany should solve their own problems before criticizing missile launchesThe U.K., France and Germany condemned 'repeated provocative launches' by North Korea, which said 'it would be better to keep silence and mind their own turbulent businesses instead.'
Read more »
Ed Sheeran 'to have kids soon' after revealing plans to semi-retire at 28The millionaire chart-topper married his childhood crush Cherry Seaborn in December last year
Read more »