It’s no secret that college is expensive and growing more so every year. Whether a private or public institution, the costs are significant. According to the College Board, in 2017-2018, the average annual tuition and fees for a private institution was $34,740. A public school is somewhat less, where the yearly cost is $9,970, for[…]
Using life insurance and 529 plans to save for college
By diamondcpas Saving for College Mar 06, 2019
If saving for college expenses is a good thing, then saving on your taxes at the same time is even better. So, what is the best way to save for college and maximize your tax breaks? In short – a 529 Plan. Here are a few commonly asked questions about 529 college savings plans and[…]