When most parents offer to fund their childâs tuition, itâs with the expectation that their financial circumstances will remain relatively unchanged. Even with minor dips in income or temporary periods of unemployment, a solid plan will likely see the child…
The post My Parents Can’t Afford College Anymore – What Should I Do? appeared first on MintLife Blog.
Saving and investing for college expenses may seem overwhelming, but setting aside even small amounts can give your child a head start. While many people are aware of tax-efficient investing accounts like 529 plans, you may not know about UGMA/UTMA accounts – another way to save for educational and other expenses.
The post Why You Need to Open a UGMA/UTMA Account for Your Kids appeared first on MintLife Blog.