Doing the math: How many 529 plans do you need for your family?

What to consider when saving for multiple children’s college educations

Paying for college can be expensive, especially when you have multiple children. A 529 college savings plan can be a great way to save for their higher education needs — but should you use one account or a separate account for each child? As a father of three kids, I know that sharing toys among siblings can be nearly impossible. Sharing a 529 isn’t impossible — but is it the best solution? Let’s find out.

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FAFSA deadline: It’s not too late to submit your application

Parents have until June 30 to apply for federal financial aid

Today’s parents are all too aware that higher education comes with a sky-high price tag, but financial aid can offer a real lifeline when it comes to mounting college costs. Completing the Free Application for Federal Student Aid (FAFSA) may lead to considerable education savings through federal grants and work study funds — but many Americans never even apply for fear they won’t qualify.

What these parents don’t know is

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529 College Savings Day: The journey to higher education begins with college savings

Celebrate the day by opening a college savings account for the child you love

Persistence is everything — just ask Sir Edmund Hillary and Tenzing Norgay, the famed first explorers to summit the world’s tallest mountain, Mount Everest. (Fun fact: That famous peak is located in the Himalayas near Ama Dablam, the mountain pictured in Invesco’s logo.) Several climbing expeditions had come close to reaching the 29,000-foot peak in the years before, but none had succeeded until Hillary and Norgay made history on May 29, 1953.

Now we celebrate 529 College Savings Day on May 29, and it’s worth considering what lessons we can learn from those mountain climbing pioneers.

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529 plans: An A+ choice for employers?

College savings plans can help companies boost their employee benefits packages

Tom RowleyBusiness owners are always looking for ways to show their employees they care — and with higher education costs rising every year, I believe there’s no better time for corporations to look into adding a 529 college savings plan to their employee benefits packages.

Today, a college education is estimated to cost close to $20,000 per year for an in-state, four-year public school, and $40,000 for a private university — that’s a pretty hefty chunk of change.1 But tuition rates aren’t the only numbers on the rise. According to the Bureau of Labor Statistics, the costs to implement employee benefits programs, such as health insurance and 401(k)s, are increasing as well.2 As a result, employers

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529 plans: Not as puzzling as they seem

Piecing together an organized college savings plan on National Puzzle Day

Tom RowleyThe holidays are finally over. Or are they? In reality, every day is a holiday — if you believe the websites that document this type of thing. There’s International Sweatpants Day, National Popcorn Day, Measure Your Feet Day and even Answer Your Cat’s Question Day. (That last “holiday” was Jan. 22, so you have an entire year to prepare for your next feline inquisition.)

Taken in context then, National Puzzle Day sounds pretty reasonable. We don’t know who conceived of this holiday — it remains a mystery, which seems appropriate — but we do know when it is: Jan. 29. What does all this have to do with 529 college savings plans? I can think of at least three things you need to do to be successful at both puzzles and college savings. Let’s take a look.

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