Is the SAT Obsolete?

Until recently, it would have been heresy, and just plain bad practical advice, to tell a high school junior or senior with college aspirations not to take the SAT, especially if he or she lived on either coast of the United States. This ritual college admissions...

Other Savings Options

Other Savings Options While 529 plans may be the hottest and most flexible way to save for college, there are other, non-traditional methods which make sense in certain cases. Recent laws make saving for college via Roth IRAs a lot more favorable than in the past. All...
Coverdell ESA

Coverdell ESA

Coverdell ESA – The Best Way to Save for K-12 Education Coverdell ESA (formerly called Education IRA) is the most attractive way to save for K-12 expenses, including UGMA/UTMAs and mutual funds. However, there are income requirements that preclude some...
UGMA/UTMA

UGMA/UTMA

Overview Prior to 529 plans, UGMA/UTMA was the most tax efficient manner to save for college and transfer wealth to children and grandchildren. UGMA stands for The Uniform Gifts to Minors Act, and UTMA stands for The Uniform Transfers to Minors Act. UGMA and UTMA are...