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The 411 on 529s

I don’t think I’m saying anything controversial here, but I think giving your children a solid education is the best gift a parent can provide. Despite the nationalistic economic trends emerging throughout the globe, the (high paying) jobs of the future will continue to require a strong education in order to compete globally. Additionally, there is strong research out there forecasting that the economic divide among the millennial and future¬†generations is going to be much less based on race, and more based on who was able to graduate college without student debt. I owe so much of my current financial situation to the fact that I was able to graduate one of the most expensive schools in the country completely debt free.

As a new parent, saving enough to send my kid to college ranks as one of my top goals. While it doesn’t beat out retirement (you can’t borrow money for retirement but you can for school), it does beat out EARLY retirement. I would view it as a worthy sacrifice to have to work a couple of extra years if it meant sending my child to school debt-free. Though I have learned one thing over the last several weeks: the cost of college is scary high. I mean, it-Halloween-month-so-culturally-relevant-IT-remake scary. read more