Tuesday, October 24, 2006

 

The Hartford Finds Families Are Fretting About College Savings, Yet Failing To Act.

45% actually own one; firm launches "Just Ask" educational initiative to encourage college savings through 529 plans. As education costs continue to climb, many Americans are not using one of the most powerful tools available - 529 college savings plans - to whittle down the sizeable bite tuition can take out of a family's nest egg. Congress just passed the Pension Protection Act, which makes permanent certain tax advantages of 529 plans that were set to expire after 2010, but the remaining step, as noted in a new survey by The Hartford Financial Services Group, Inc. is for families and their financial advisors to talk openly about college savings aspirations.

The Hartford Finds Families Are Fretting About College Savings, Yet Failing To Act.
Source: Insurance News Net

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