A monthly guide to maximizing money
The rise in college costs has far outpaced the rate of inflation; tuition and fees alone are an average of $17,000 a year at public universities.
In honor of National College Savings Month, consider setting up a 529 college savings plan for your child. These work like 401(k) accounts and let families invest in the market and withdraw money tax-free to pay for education. Each state offers its own plan; families can invest in plan from any state they like, but there are often tax benefits to picking one from home.