Savingforcollege.com has released the Family Guide to College Savings 2020-2021 edition. Regardless of your child’s or grandchild’s age, this comprehensive guide is a go-to resource for answering your college savings questions and maximizing your efforts. This book can help create a savings strategy for you, whether you don’t know where to begin or you want to grow your college fund in the best way possible.
The e-book, which is available for free on Savingforcollege.com, covers essential college savings information, such as federal tax incentives for education, comparing saving for college versus retirement, and how college savings impacts financial aid.
The Family Guide tackles everything you want to know about 529 plans – the pro and cons, how to choose a plan, and compares 529 plans to other college saving options: 529 Able Accounts, Coverdell Education Savings Account, UGMA and UTMA Accounts, and Taxable Investment Accounts.
The goal of the book is to help parents and grandparents create a game plan for their college saving journey, including minimizing taxes, automating savings, and more.
This book was written by Joseph Hurley, the founder of Savingforcollege.com and the author of The Best Way to Save for College – A Complete Guide to 529 Plans. Hurley worked as a certified public accountant for more than 20 years and has been quoted in the Wall Street Journal, the New York Times, TIME, and more. The book has been edited by Mark Kantrowitz, one of the nation’s leading experts on paying and saving for college. Kantrowitz serves on the board of the Journal of Student Financial Aid and the board of trustees for the Center of Excellence in Education.