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.

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.