How Smart IRA Planning Can Help You Pay Less For College

With college expenses at some of the best schools now exceeding $ 60,000 per year, education-related expenses are often one of the biggest obstacles many baby boomers face when saving for their own retirement. For many families, planning for a college education goes hand in hand with IRA’s and retirement planning. Retirement Assets are Exempt … Read more

Paying for College: Are Scholarships Taxable?

Dear Carrie, My daughter was lucky enough to receive a significant college scholarship. Is this considered taxable income to her? And does her scholarship limit my ability to claim an education tax credit? — A Reader Dear Reader, First congratulations to your daughter — and to you. Her scholarship can be a significant financial boost … Read more