Tips on Spending the Money in College Savings Accounts

New York Times
Written by Ann Carrns
September 4, 2020

You’ve put money away in your child’s 529 account and are ready to start withdrawing funds for higher-education bills.  You need to be aware of what expenses are eligible for payment from a 529 plan.  Should you withdraw funds then pay the college or have the 529 plan pay the college directly?  Should you spend all of the 529 money before taking out student loans? Do 529 plans have withdrawal deadlines? Can you put money back if you take too much out?

Access internet article here at the NY Times

Tips on Spending the Money in College Savings Accounts – The New York Times

Recap: Young Adults and Financial Success

Thanks to Mariella Foley and Marianne Rodriguez of Round Table Wealth Management, for delivering an informative and personal webinar specifically designed for young adults who are new to financial planning.  We have included a recording of the event here: https://bit.ly/RecapYAFinances

The presentation focused on four key dimensions of financial planning:

1. Understanding your Personal Net Worth

2. Understanding your Personal  Debt Details

3. Sticking to your goals around Annual Spending Accounts

4. Developing and sticking to goals around Annual Saving

This 45-minute presentation is filled with easy tips and important tactics that we should all take into account as we navigate our finances.

Teaching Kids Good Money Habits

Teaching children that there is a financial cost to everything is not always easy. This article offers suggestions on how to begin discussing money with younger children.

Click here for an article written by Marielle Foley. Ms. Foley is a Partner and Wealth Advisor with Round Table Wealth Management.