Archive for the ‘529 vs 7702’ Category

STUDENT LOAN SCENARIO – how can $4,000 actually increase your wealth by $18,299.32?

 How many student loans do you own? Blindly paying monthly payments without understanding what is really going on behind the scenes with each of your loans can create devastating unmanageable increasing debt load. Let me help you understand what is going on with your debts and come up with a plan so there will be […]

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January 8, 2015 · Jennifer · No Comments
Tags: , , , ,  · Posted in: 529 vs 7702, COLLEGE SAVINGS PLANS, Comparison College Savings, Get out of Financial Prison, Save Interest with Student Loans, STUDENT LOAN MISINFORMATION, Uncategorized

COLLEGE SAVING CHOICES with Benefits Comparison

There are so many occasions we buy gifts for our loved ones throughout one year.  Once a year everyone has a birthday. Once a year it is also Christmas, Hanukkah, Kwanza, Easter, and New Year. Graduation from pre-school, kindergarten, elementary school are also times we gift our children. How about considering, instead of buying them […]

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November 10, 2014 · Jennifer · No Comments
Posted in: 529 decline for college, 529 vs 7702, College Planning, COLLEGE SAVINGS PLANS, Comparison College Savings, Tuition Tracking Software

Free Tuition Software – for tracking student loan details.

Just found this awesome looking software designed specifically for tracking student loans making it easier to know which loans to tackle first, how much you owe, where you are at in your amortization schedules etc. and more. Most loans will automatically populate after you enter your information. Best part is, at the moment it is […]

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March 31, 2013 · Jennifer · No Comments
Tags: , ,  · Posted in: 529 decline for college, 529 vs 7702, College Planning, COLLEGE SAVINGS PLANS, Tuition Tracking Software

Those who understand interest earn it, those who don’t, pay it! Are student loan rates really what they seem?

Einstein said: “Those who understand interest earn it, those who don’t, pay it.” Which are you; the earner or the payer? Check out this student loan being charged 2.9%. This person told me they were not in a hurry to pay back this loan because the interest rate was so low. But the rate is […]

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June 18, 2012 · Jennifer · No Comments
Tags: , , , , , , , ,  · Posted in: 529 vs 7702, COLLEGE SAVINGS PLANS, Interest VOLUME, Student Loan Rates, STUDENT LOANS

IRC 529 vs IRC 7702 – Saving for College

First of all, what is a 529? (It is the Tax code governing college savings plans) The 529 college savings plan is a state sponsored, tax-advantaged tool that is offered so families can save specifically for qualified higher education expenses for their children. Personally, I do not like to call them ‘savings’ plans due to […]

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December 23, 2010 · Jennifer · 6 Comments
Tags: , , , , , , , , , , , , , ,  · Posted in: 529 vs 7702, A different way of saving for college