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Parents can and do find ways to pay for their childâs college, but it often involves sacrifice and planning. Two keys: Save early and consistently. Starting as soon as possible and making regular deposits into whatever vehicle you choose can help smooth out the ups and downs of the stock market. Consistently making equal payments […]
The post Paying for College: A Parent’s Guide appeared first on SoFi.
As a first-time parent, thereâs a lot on your plate. Youâre responsible for raising a tiny human into a smart, kind, and successful member of society. Mistakes, even when it comes to money matters, are inevitable. Still, thoughtful planning can help you meet your financial goals and give your kids the support they need. And […]
The post Common Financial Mistakes First-Time Parents Make appeared first on SoFi.
Planning for education expenses early lets parents spread out the cost and use tax-advantaged accounts to build up savings. ESAs and 529 plans are similar tax-advantaged investment accounts that let you do just that. Which is right for you? Read on to learn about the pros and cons of each.
Coverdell ESA vs 529 College Savings Plan â Differences & Comparison is a post from Money Crashers.