By teaching your children sensible habits about saving and spending, you can set them up to handle money wisely their entire lives.
Teaching money management skills can help teens develop healthy financial habits, so they have a better understanding of and control over future cash.
Planning for a new baby is an exhilarating time. It can also be an expensive one with childcare costs.
Having a baby is an exciting, life-changing event. Make sure you know how to prepare yourself financially.
Getting a tax break on the money you save for higher education is the big draw of section 529 plans.
Even if you've already begun saving, you might be wondering if you will have enough to cover college costs when the time comes.
Consider a regular mutual fund account in your name with the funds earmarked for education.
If you are thinking about buying life insurance for your child(ren), consider these pointers.
If someone in your household hopes to attend college soon, there are a number of options available to you.
Higher education costs are steadily rising and a college savings strategy is becoming a requirement for today's parent.
If you are single with children who depend on you, life insurance can help you provide for their needs into the future.
The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.
TIAA-CREF does not offer tax or legal advice. Please see your personal tax and legal advisors regarding your particular situation.
Important Information About the Saving4College Smartphone App
The results presented are hypothetical illustrations and do not reflect the past or future performance of any specific investment. Rates of return will vary over time. Investments which seek to achieve higher rates of return are more volatile and involve a higher degree of risk.
The calculator takes into account tax variables based upon what you select. There may be limitations or restrictions on eligibility for tax benefits depending on the tax code in your state of residency.
These calculations do not constitute investment advice. As your financial situation changes, you should review your investment goals, time period for college investing, and personal financial situation and reassess whether you are saving enough to meet your college savings goals. You may want to consult with a qualified advisor before making an investment.
The calculations do not reflect management, administrative and other fees associated with 529 plans or any other investment used for college savings. If these fees had been reflected, the growth of the total contribution during the same investment period would have been lower.
The tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. It was written to support the promotion of college savings plans. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
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