The idea of saving too much for college may not seem like a big concern considering college costs are increasing at about double the rate of inflation. However, for families that use only 529 plans to save for future college costs, saving too much could cost them more than saving just enough. A 529 plan is a type of [...]
The cost of attending college is becoming more expensive. Because of inflation, the cost of most goods and services normally increases over time, but college education costs have historically increased more rapidly than most other goods and services. Saving for future college expenses has become an essential part of the financial planning process for many families. Education [...]