Employees love when employers give them a raise, provide unique employee benefits, or pay for perks. The more that your employer pays for, the better, right? No...not necessarily. There is an expense that is more beneficial for you to pay for yourself.
There are many valid concerns people have about talking with a financial advisor. Chances are if you aren’t having these concerns now, one of these thoughts has at least crossed your mind in the past. Maybe you’ve heard about negative experiences from friends or family, or maybe you’ve worked with an advisor that led you to think a certain way about all financial planners. Instead of ignoring it, let’s talk through each reason you may not want to talk with a financial advisor.
In this blog post, I will write about why a 529 plan contribution may be the best gift you can give your child. I will discuss the minimum contribution required in the State of Michigan and different ways you can choose to fund your plan. I will also give some advice on how to determine how much money you should be contributing to a 529 plan to meet your goals.