Results for "college savings"

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Direct-sold 529s could put brokers at risk: MSRB

February 13, 2013

Brokers who advise clients to invest in a direct-sold college saving plan may be making a formal recommendation that must be suitable for the client and be supervised by the broker-dealer, a municipal securities regulator said. New research...

CFP Board to launch marketing campaign to increase certificants by 5%

January 14, 2013

Nearly two years ago, the Certified Financial Planner Board of Standards Inc. launched a major public awareness campaign to raise the consumer name identification of the credential it grants. In 2013, the organization is mounting another big...

New family tradition: Not opening a 529

December 13, 2012

Less than 3% of families used Section 529 college savings plans or Coverdell education savings accounts to sock away cash for tuition and other higher-education expenses. A Government Accountability Office report released yesterday found college...

No C-E change as CFP Board scraps controversial plan

December 5, 2012

On the same day that it took a dramatic step toward trying to make its credential the coin of the realm in the investment advice sector, the CFP Board announced that it was scrapping a plan to strengthen its education component. Yesterday, the...

Advisers irked by American College's jumping on Goldfarb news

November 7, 2012

Financial planners are irked at an e-mail sent last Friday by American College chief executive Larry Barton to alumni of the school in reaction to news that Alan Goldfarb, chairman of the board of the Certified Financial Planner Board of Standards...

CFP Board chairman resigns amid ethics probe

November 2, 2012

The sudden resignation on Friday of the chairman of the board of the organization that grants the credential for financial planning amid allegations that he violated the group's ethics rules has investment advisers scratching their heads. Alan...

The ticker 'crawl' tells all

October 28, 2012

A new novel by Pepperdine University finance professor Craig Everett aims to teach children financial literacy concepts subtly. He tells the tale of a Connecticut boy who discovers secret messages encrypted into the stock ticker “crawl,”...

Traveling Suze show on deck

October 28, 2012

Personal finance is the subject of an upcoming traveling museum exhibit, and Suze Orman, the broker turned TV personality and motivational speaker, has already landed a feature role in the show. “Economia: Money Matters,” which has interactive...

Opinion: Why for-profit colleges may not be for your kids

October 26, 2012

Advertisements touting for-profit universities are everywhere. Schools such as Apollo Group Inc. (APOL)'s University of Phoenix peddle instruction in person and online, promising that students can earn their degrees on their own time, in their...

College tuition, fees way up — but financial aid isn't

October 24, 2012

Tuition and fees at U.S. public universities rose 4.8 percent this year to an average $8,655, as the smallest increase in 12 years still outpaced inflation, a College Board report found. “It's an improvement in a bad story,” said Sandy Baum,...

Fees, investment options sink four 529 plans in rankings

October 21, 2012

High fees and subpar options led Morningstar Inc. to give Section 529 college savings plans from Kansas, Minnesota and Rhode Island negative ratings in its annual audit. The four plans are Kansas' Schwab 529 College Savings Plan, Minnesota's...

Consumers stuck in credit quicksand

October 21, 2012

Credit cards used to be a convenience. Now they have become a necessity. According to an online poll conducted last month by the National Foundation for Credit Counseling, 22% of more than 1,900 respondents said they wouldn't be able to make...

Fees, investment options sink four college savings plans in Morningstar rankings

October 16, 2012

High fees and subpar options led Morningstar Inc. to give college savings plans from Kansas, Minnesota and Rhode Island negative ratings in its annual audit. The four plans that Morningstar gave a negative rating to are Kansas' Schwab 529 College...

Glimmer of hope as tuition hikes slow

October 14, 2012

A little bit of good news for families set on sending their kids to private colleges: Tuition increases are slowing down. Tuition and fees at private colleges and universities rose 3.9% for the current academic year, the lowest annual increase...

529s star on big screen

October 14, 2012

The College Savings Foundation is using CBS' enormous screen in Times Square to urge Americans to save for their children's college education by funding Section 529 college savings plans. The group's 15-second silent ad-vertisement began running...

Glimmer of hope as college tuition hikes slow

October 9, 2012

A little bit of good news for families set on sending their kids to private colleges: Tuition increases are slowing down. Tuition and fees at private colleges and universities rose 3.9% for the current academic year, the lowest annual increase...

More parents saving for college, but amount socked away is puny

September 30, 2012

The number of parents who have saved at least $5,000 for their children's college years has rebounded since 2009, according to an annual online survey conducted by the College Savings Foundation. About 45% of parents with college-bound children...

Helping ease pain of college debt

September 30, 2012

Nearly one of five U.S. families has outstanding college debt, with the average amount at $27,000 in 2010, up 14% over the previous three years, according to a new Pew Research Center report. For some, the debt load is even higher. About 10%...

OppenheimerFunds seeks to rebuild retirement plan cred

September 27, 2012

OppenheimerFunds is back in the retirement game, but not with target date funds. The asset manager hopes to make waves in the 401(k) space with Class I mutual fund offerings, a slate of 21 funds that run the gamut from developing markets (ODVIX)...

College savings on the rise — but amount still is puny

September 26, 2012

The number of parents who have saved at least $5,000 for their children's college years has rebounded since 2009. But those who don't have a financial adviser are far less likely to have put away that amount, a new survey shows. What's more,...

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