Most plans offer age-based options that work like target-date retirement mutual funds, as well as ways to put together portfolios of your own. These plans are sort of like IRAs for college: You contribute after-tax dollars, and invest the money as you see fit. It's hard to face, but the facts are cut and dried: There is a great deal of financial aid available to help pay for college, but no one is going to subsidize your retirement.īut if your retirement needs are on track to be covered, or you just want to split the difference a bit (most people feel better if they're putting something away for college, even if it's a few dollars a month) one of the best places to stash your college savings is in a 529 plan. The bottom line is that the first step in saving for your kids' college education is saving for retirement for yourself. But what about your children's college education? How do you save for that, too? Over the past several weeks, I've been talking about how to save and invest for your retirement.
Mark is a past member of the Board of Directors of the Institute of Certified Financial Planning and of the International Society of Retirement Planning.įind Mark on Facebook at: and LinkedIn at: Children and College: The Facts about 529 Plans He has shared his expertise nationally in interviews and appearances with The Wall Street Journal,, , and Bloomberg Radio, as well as locally on NECN and WRKO. Mark is a former columnist for the Money section of The Lynn Daily Item, a Boston area newspaper, and is a frequent contributor to various newspapers and other periodicals. Mark also hosted “Your Financial Future” on Blogtalk Radio through the Diva Toolbox, where he shared his specific expertise in working with women on financial matters. He was the host of television’s long running program “Your Money Matters,” as well as hosting “Retirement Corner” on WBOQ 104.9 FM and “Retirement Strategies” on WESX 1230 AM radio. Mark is a frequent speaker at events in and around Boston, teaches for the non-profit Heartland Institute as a Certified Financial Educator (CFEd®), and is the founder of the Greater Boston Corporate Wellness Forum. These systems have become a primary resource for the people who have worked with Mark over the years. He has been The Retirement Guide to thousands of investors for close to 25 years and is the creator of the Retirement Roadmap and the Financial Organizer System, both of which contribute to a solution to investors’ greatest concerns-properly coordinating their financial affairs.
Mark Singer is a CERTIFIED FINANCIAL PLANNER™ professional and the author of "The Changing Landscape of Retirement-What You Don’t Know Could Hurt You".
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