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.

If you read our previous blog post, you'll know that 529 plans offer unique features that make them extremely valuable for college savings.  Deciding to open a 529 plan is only the first step; you then have to decide which plan is best for you.  There are three fundamental decisions you need to make when first enrolling in a 529 plan.  

One of the most important goals a parent has is saving for his or her child's college education.  Though there are several vehicles for college savings, the tax benefits of 529 plans make them a tool every parent should consider.  Before investing in a 529 plan, it may be helpful to know a few key things.  

With our complimentary skill sets (Erik as an investor and me as a planner), we have always talked about one day starting a financial planning firm together.  I don't think either of us knew quite how soon "one day" would be.