Employer-Paid Tuition Assistance

Some employers offer tuition assistance as an employee benefit. Employees who receive employer paid tuition assistance can exclude up to $5,250 of the benefit from federal income taxes each year, as long as certain qualifications are met. Tax-free education assistance is intended for the employee, but not their spouse or dependents.

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Can You Use a 529 Plan to Pay for Health Insurance?

You cannot use a 529 plan to pay for health insurance, but many colleges require students to have health insurance. College students have the option to stay on their family’s health insurance, enroll in a campus health plan or purchase their own insurance plan.

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How to Evaluate the Risk of Investment Glide Paths

Measuring the risk of age-based investment glide paths and target date funds is challenging because they consist of a series of portfolios, as opposed to a single static portfolio. With a static portfolio, the risk is the percentage of the portfolio’s assets that are invested in equities (e.g., stocks). This white paper defines the risk of an investment glide path as the average of the initial and final percentage equities.

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How Single Parents Can Save for their Children’s College Education

Single parents – especially single moms who struggle to obtain adequate child support and have to live on a single income – have an uphill climb in generating enough college savings for their children. The good news is that there are ways for single moms and dads to set aside enough money for college. It isn’t easy, but single parents can get the job done.

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How much to save for college

College is very expensive. College costs as much as a small mortgage, but without owning a home. Saving for college can help you pay for college costs and reduce student loan debt. The more you save, the less you need to borrow. But, how much should you save for college?

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