Financial Advice Q&A

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Question

Should I use a Roth IRA or 529 plan for college saving?

HI, I have a few questions regarding investments for my son, I have a 3 year old. 1. Can I open a Roth IRA for him? 2. Can I use part of his...

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02-20-2014 06:19 AM

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College Saving Ideas for Grandchildren

I have grandchildren ages 9 and 10. What do you recommend for a college fund? I would like to start a fund for each grandchild.

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01-11-2014 06:55 PM

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Can I borrow from my 529 plan?

Is it possible to withdraw the contributions from a 529 account without tax implications, for example only withdraw that portion that has be...

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01-01-2014 01:59 PM

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How do I set up 529 for my relatives?

I have two grand nephews and one grand niece. Rather than buying Christmas gifts that they don't need (they get get PLENTY already from doti...

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12-02-2013 06:35 AM

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I have a 6 month old son and am interested in starting a savings for his college tuition. What is the best way to invest?

I have heard negative comments on college savings plans. As a financial advisor, in what ways would you suggest to invest my money for my so...

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09-09-2013 11:54 AM

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Should I diversify college savings beyond 529 plans?

I have been saving in 529 plans for my daughters, currently 10 and 12 years old, since they were born. I am contributing $400 per child per ...

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08-12-2013 07:46 PM

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How would attending a service academy affect 529 withdrawals?

I really appreciated an earlier post on how 529 withdrawals work. In that post, you mentioned that if the beneficiary earns a scholarship, t...

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05-13-2013 07:00 PM

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Is it better to open a 529 for education or a roth Ira

I want to save to my childs education. I like the fact that they do not consider your retirement assets when calculating need, whereas a 529...

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04-15-2013 05:35 AM

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College is expensive, how should I pay? What are the steps I should take?

Hello, I am 18 and headed off to college this august, the one really massive downfall is that I essentially have no money. I am going to beg...

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03-19-2013 05:48 PM

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Is a Roth IRA a good place to save for my daughter's college?

I understand that I can withdraw contributions made into a Roth IRA at any time with no tax consequences since taxes have already been paid ...

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03-01-2013 02:52 PM