Saving for college is a very important and challenging task for many American families.
The Economic Growth and Tax Reconciliation Act of 2001, signed into law in June 2001, made substantial changes to the rules governing 529 plans and the Education IRA (renamed Coverdell Education Savings Account). In this article, we provide an updated comparison of 529 plans with other options.
This article summarizes findings on the state of the retirement income security of Americans. Trends in pension coverage and participation are documented, as well as the saving rate and net worth of American households.