FAILURE TO LAUNCH: Missed Opportunities in Education Planning

Grote, Jim
January 2007
Journal of Financial Planning;Jan2007, Vol. 20 Issue 1, p24
Academic Journal
The article discusses financial planning for education. Parents who wish to get the most out of college savings plans and investments for their children must work with a financial advisor who understands the special conditions involved in saving for higher education. While many parents utilize 529 college savings plans that are offered by the United States government, these "one size fits all" investment products are often extremely inefficient on an individual basis, and cause parents and children to miss opportunities to actively manage their finances.


Related Articles

  • The 529 solution. Wang, Penelope; Johnston, Megan; Manson, Derek; Smith, Stephanie D. // Money;May2001, Vol. 30 Issue 5, p96 

    Evaluates state-run college savings plans. How the so-called 529 college savings plans, named after the section of the United States tax code that governs them, allow parents to invest tax-free until the money is withdrawn; Features of the plans in each participating state, including tax...

  • State-sponsored college savings plans are worthwhile option. Jones // Hudson Valley Business Journal;10/25/99-11/01/99, Vol. 10 Issue 19, p18 

    Presents information on state-sponsored college savings plans in the United States. Similarity of the plans to individual retirement accounts; Taxation savings; Advantages over prepaid plans; Limits of contributions per beneficiary.

  • Build an A+ College Savings Plan. Wang, Penelope; Brickman, Mattie; Chmielnicki, Jacqueline; Manson, Derek; Yee, Christian // Money;Aug2005, Vol. 34 Issue 8, p98 

    Discusses building a college savings plan. Features of the state 529 college savings plan, which was named after a section of the tax code; The reason why people do not understand 529s; The uncertain issue of tax-free withdrawals; Assertion that the so-called age-based portfolio is one of the...

  • three smart strategies.  // Money;May2004, Vol. 33 Issue 5, p78 

    The article offers strategies of financial planning for college savings for parents in the United States. For families with an income below $70,000, maximize your financial aid. Low-cost index funds, such as those offered by Vanguard or Fidelity, are sound choices. If your income grows and...

  • Making dreams come true. Hunter, Chris // State Government News;Apr2003, Vol. 46 Issue 4, p32 

    Discusses the 529 college savings plans, programs administered by states that aim to increase access to higher education for low-and-middle income families in the U.S. Information on the growth of 529 plans; Types of 529 college savings plans; Impact of savings plan trust on the economy;...

  • College savings plans can make the grade. Fay, W. David // Inside Tucson Business;2/4/2008, Vol. 17 Issue 34, p22 

    The article discusses the significance of Section 529 state-sponsored College Savings Plans to help finance college education in the U.S. The author explains that the plans allow one to invest significant sums of money that can grow tax-free. Contributions to the plans are invested in one or...

  • Prepaid college plans under pressure. Kalwarski, Tara // Money;Fall2002, Vol. 31 Issue 11, p121 

    Reports how rising tuition and stock losses are putting pressure on U.S. prepaid savings plans for college. Examples of several states that have raised prices; Where to go for more information on the prepaid plans.

  • Pay for College.  // Money;Apr2000, Vol. 29 Issue 4, p90 

    Offers information to parents on how to develop a college savings plan for their children. Why many financial advisers suggest that saving for college should be treated the same as saving for a downpayment on a house; Advice on keeping money in your child's name; The merits of 529 college...

  • An Empirical Examination of the Impact of College Financial Aid on Family Savings. Monks, James // National Tax Journal;Jun2004, Vol. 57 Issue 2, p189 

    The system of distributing financial aid dollars using needs analysis formulae implicitly imposes a financial aid tax on assets. Existing studies provide mixed evidence of the influence of this implicit tax on assets on wealth accumulation. This paper attempts to contribute to the literature on...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics