Saving For Your Child’s College Education By Vanguard Group

The Vanguard Group

September is College Savings Month.  And with the current yearly cost of a college education averaging between about eighteen and forty thousand dollars, we sure could use a course in how to save for our children’s college funds.  Fact is, the ins and outs of college savings accounts can be a bit intimidating.  But statistics show that a college education is the key to staying employed and earning a better salary over the course of one’s lifetime.  The Vanguard Group’s Asset Management Services can help take the guess work and confusion out of planning for you or your children’s higher education.  The number one rule is… Save what you can, when you can.  How?  Join Vanguard Group Senior Financial Advisor and CFP Mary Ryan on the Balancing Act and she’ll break it down for you. http://vanguard.com/529 getaplan.com


The Balancing Act


Saving for your Child’s Education

Before you know it, your son or daughter may be heading off to college!

Middle school, high school…… time flies! And before you know it, your son or daughter may be heading off to college!

Did you know that today the average cost of a public college education is more than $18,000 per year? And private is nearly $40,000 a year?

September was College Savings Month and it’s the perfect time to take a look at saving for a child’s education, an important issue for families. The U.S. Labor Department stats show that unemployment rates are significantly lower and earnings are significantly higher for those with a college education.

How do you start a college fund in this economy? First, take a realistic look at your budget and see what you can afford to commit to a college plan. Start savings as soon as you can, even before you have children if possible.

With a 529 Plan:

  • Earnings are TAX-FREE (not just tax-deferred) if used to pay for qualified educational expenses*
  • 529 Plan funds can be used for vocational schools, community colleges, 4 year colleges and universities or graduate schools.
  • If not used for one child, it can be used for another child’s education – or even your own
  • Children’s grandparents can use the 529 as a “Gifting tool” towards their grandkids’ college education fund
  • Depending on the plan and state, some plans allow contributions of over $300,000 over the plan’s lifetime…. And some states offer deductions on your state tax return on the amount contributed to each plan
  • You do NOT have to attend a college in the same state as the 529 Plan

Mary Ryan, CFP® and Senior Financial Advisor with the Vanguard Group joined the Balancing Act to discuss the
important things to look for when deciding on a plan, Financial Aid and more. For more information, please go to: http://www.vanguard.com/529 or geta529.com.

This segment aired on September 15, 2014 and September 23, 2014. In case you missed it, watch the show here: http://www.thebalancingact.com/story/5361/the_vanguard_group

* “Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.”

Before investing in any 529 plan, you should consider whether your or the designated beneficiary’s home state offers a 529 plan that provides its taxpayers with state tax and other benefits that are only available through the home state’s 529 plan. You also should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plans’ features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

Investment objectives, risks, charges, expenses and other important information are included in a 529 plan’s offering statement; read and consider it carefully before investing.

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The Balancing Act® on Lifetime Talks Education Savings Plans, Mentoring Future Female Business Leaders

FOR IMMEDIATE RELEASE

Media Contact:
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The Balancing Act® on Lifetime Talks Education Savings Plans, Mentoring Future Female Business Leaders

The Vanguard Group, Inc., Booz Allen Hamilton Take Center Stage on September 23rd Show

(POMPANO BEACH, Fla. – PR.Com – September 17, 2014) Award-winning morning show The Balancing Act® on the Lifetime® Channel welcomes the hottest resources in saving for a child’s higher education, and mentoring future female business leaders to the show airing on Monday, September 23rd at 7:00 a.m. (ET/PT). Tune in as The Balancing Act hosts help jump-start the day with lively conversation, recipe demonstrations and trusted information to empower a woman’s life.

Don’t miss these featured segments taking center stage on The Balancing Act:

o Saving for Higher Education – with The Vanguard Group
September is College Savings Month, and in today’s economy and with the high cost of a public education it may be intimidating to start a college fund. Statistics show that a college education is the key to staying employed and earning a better salary over the course of one’s lifetime. The Vanguard Group’s Asset Management Services can help take the guesswork and confusion out of planning for a children’s higher education. Join Vanguard Group Senior Financial Advisor and CFP® Mary Ryan on the Balancing Act and she’ll break it down and explain the ins and outs of college savings accounts. Learn more at http://www.vanguard.com/529
o Mentoring Future Female Business Leaders – with Booz Allen Hamilton
September is Women’s Equality Month and The Balancing Act explores the major issues that still remain in today’s corporate world. At Booz Allen Hamilton, worldwide originator and leader of the management consulting industry, a groundbreaking set of initiatives have been developed to meet these challenges. Starting with the Women’s Agenda which pinpoints several powerful misconceptions that hinder successful women in their workplace, the initiative has now successfully expanded into six additional diversity and equality agendas: African-American, Hispanic, Lesbian Gay Bisexual Transgender/LGBT, Disability, Asian American and Military. Listen as two successful women from Booz Allen Hamilton explain common misconceptions and challenges for women in the workplace and how women are being given the tools to succeed and advance. For more information http://www.boozallen.com/

About The Balancing Act® on Lifetime® Television
Now in its 6th year, The Balancing Act continues to empower women in all aspects of their lives. The mission at The Balancing Act is simple – the show strives to help today’s modern women balance it all by bringing them positive solutions to enrich and empower them. Entertaining, educational and trusted by women, viewers can tune in to America’s premier morning show The Balancing Act on weekday mornings at 7:00 am (ET/PT) airing on Lifetime television. For additional information or to view a segment visit: http://www.thebalancingact.com

For more information regarding O2 Media, Branded Entertainment, Product Placement and TV Brand Integration go to: http://o2mediainc.com/Pages/187/Branded-Entertainment

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