An important part of financial planning for physicians with children can be 529 plans.

Today on the Financial Forum Do you have an advice or words of caution before I start a 529 plan for my daughter’s college expenses?

First, 529 plan contributions are generally deductible on state tax returns if you live in a state that has an income tax.

Like 529 plans, UTMA account contributions are post-tax, meaning that income taxes have already been paid on the money being deposited. For moderate-income households like ours, however, where there ...

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CollegeWell provides guidance to families on myriad financing options for all income-backgrounds, how to balance saving for college and saving for other milestones, such as retirement and estate ...

Contributions to a Roth IRA can be withdrawn penalty-free to open a 529 plan. 529 plans allow contributions to grow tax-free ...

Other contribution and tax considerations for 529 plans. The 529 plan has become a popular way to save for college expenses — ...

The IRS updates tax brackets every year, so it's always a good idea to check whether you're close to one of the cutoff points ...

A provision of the SECURE Act 2.0 of 2022 that permits certain assets saved for education to be rolled over into retirement accounts is expected to broaden the appeal of tax-advantaged tuition savings ...

Planning for college expenses can be daunting, but starting early and understanding your options can make a significant ...

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...