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Secure your child’s education with a 529 Plan

When they’re young, children dream about becoming doctors, artists, teachers, veterinarians, and many other things. But in order for those dreams to come true and for kids to actually become professionals, it’s important for them to attend and finish college.

A good college education can lead to that dream career. Though it’s a major investment, there are flexible payment plans that can help.

529 Plans

Known as the “College Savings Plan,” 529 Plans let you start investing early for your children’s future college career. These plans are generally sponsored by the state, state agencies or educational institutions.

There are two types of 529 Plans:

1. Prepaid tuition plans. Also called “guaranteed savings plans” in some states, this plan locks in future tuition rates at public institutions. Some private universities also offer similar plans.

2. College savings plan. This one is similar to a 401K retirement account, but the money you invest is only used to pay for your child’s education. You can choose the amount (free of taxes) to be deducted from each paycheck. The amount saved will be used to pay for college when the time comes, or it can be used for related expenses, such as housing, books or school supplies. 

To open a 529 Plan, contact your state’s program administrator.

Benefits

Depending on your choice, your 529 Plan will let you:

  • Select a plan regardless of your income or age of your children.
  • Transfer your plan from one state to another. You can use this online tool to compare state plans.
  • Have control of your money and manage it the way you want.
  • Allow anyone to contribute to the savings plan, whether it’s a family member or friend.
  • Transfer your plan to help someone else pay for school.

529 Plans are tax-free, as long as the money is used to pay for college. If, for any reason, you decide to use the savings for something else, you can withdraw the money as long as you pay the taxes due.

Resources

Use the College Savings Calculator to figure out the amount you must invest each month to cover all your child’s educational costs. The budget calculator will help you compare school expenses against your income and financial aid.

Read this post in Spanish.

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From the Peace Corps:

A Peace Corps Volunteer helps build a library for her community in Cambodia

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From the National Archives:


"Stay off gobbledygook language."

Seventy years ago, there just wasn’t a suitable term for those brain-scalding, rage-inducing concoctions of grammar and syntax masquerading as language. Well, Mr. Maury Maverick came up with one:
"Gobbledygook."
Here is his memorandum to the staff of the federal agency he headed, the Smaller War Plants Corporation; the first known usage of this faintly exotic, yet viciously accurate, addition to the English language.  

Memorandum from Maury Maverick to Everybody in Smaller War Plants Corporation. 3/24/1944
From the series: Field Letters and Memoranda, 1943 - 1945. Records of the Smaller War Plants Corporation, 1940 - 1948

(Today’s post comes via Alan Walker, an archivist in Research Services at the National Archives in College Park, Maryland.)
These days Mr. Maverick would just be seen as a rather outspoken proponent of what we in the government call “plain language.”
Maybe you call it “jargon,”  ”legalese,” or  ”doublespeak” —  what’s your favorite term for “Gobbledygook”?

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From the National Archives:

"Stay off gobbledygook language."

Seventy years ago, there just wasn’t a suitable term for those brain-scalding, rage-inducing concoctions of grammar and syntax masquerading as language. Well, Mr. Maury Maverick came up with one:

"Gobbledygook."

Here is his memorandum to the staff of the federal agency he headed, the Smaller War Plants Corporation; the first known usage of this faintly exotic, yet viciously accurate, addition to the English language.  

Memorandum from Maury Maverick to Everybody in Smaller War Plants Corporation. 3/24/1944

From the series: Field Letters and Memoranda, 1943 - 1945. Records of the Smaller War Plants Corporation, 1940 - 1948

(Today’s post comes via Alan Walker, an archivist in Research Services at the National Archives in College Park, Maryland.)

These days Mr. Maverick would just be seen as a rather outspoken proponent of what we in the government call “plain language.

Maybe you call it “jargon,”  ”legalese,” or  ”doublespeak” —  what’s your favorite term for “Gobbledygook”?

Five Tools to Help You Eat Healthier at College

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Between late nights cramming for exams and the overwhelming number of food selections in the dining hall, trying to make healthy food choices on a college campus can be daunting. For the second week of National Nutrition Month, we rounded up some resources to help you avoid packing on the pounds during your college years.

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To make sure you’re the first to get all the healthy eating resources we’re sharing this month make sure to follow us on Twitter, Facebook, Google+ and sign up to get email updates sent right to your inbox.

Making Healthy Choices in the Dining Hall

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Your dining hall may have more healthy food options than you think without restricting you to just the salad bar.

Learn how to navigate all the food selections at available to you (PDF), select foods that will keep you full for longer and give you energy to get through the day.