11 Mar 2024

Understanding New Rules: 529 Plan to Roth IRA Conversions

I’ve said for some time that college planning is hard. I discovered this the hard way, through my own situation. Both of my daughters are in college now, and I started 529 accounts for each of them the year they were born. I got a little tax deduction and the benefit of tax-free growth. When my older daughter was a freshman in high school, I realized the problem: even though… Read More

By David Ott Tags: , , , , , , , ,
25 Sep 2017

Changes to the Missouri Most 529 Plan

I received a package from Missouri Most last week highlighting a change to the college savings plan. For those investors, like me, that use the age-based options, Vanguard is expanding the stock/bond options to make the journey a little smoother for investors. Currently, there are five age categories, starting with zero to five years old, then six to ten years old, 11-15 years old, 16-18 years old and for 19-year… Read More

By David Ott Tags: , , , , , ,
6 Oct 2014

Help Your Kids and Grandkids with a 529 Account

Last year, Fidelity Investments did a study called the College Savings Indicator to measure how families deal with college costs. They found that 26 percent of parents will pay for all college costs, four percent will not pay for any college costs and the remaining 70 percent plan on paying a portion of college costs.  In short, college is still a high priority. On average, these families expect to pay… Read More

By David Ott Tags: , , ,