529 Account

 A 529 account is for education savings for college or higher . There are two types of 529 plan: 529 Prepaid College Tuition and 529 College Savings Plan.  The Prepaid plan is run by individual colleges and used to pay tuition at today's cost for children who'd attend in the future. Because this plan is…
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Coverdell ESA (Education Savings Account)

Coverdell ESA is an education savings plan that is designed to pay for qualified education from kindergarten to college and above with more investment options. Followings are characteristics of Coverdell ESA compared to 529 education savings plan. Funds in Coverdell plan can be used for primary education such as private elementary and high schools, unlike…
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Term Life Insurance vs. Whole Life Insurance

Term life insurance Term life insurance is designed for people to buy higher death benefits with lower costs. Any premium that has been paid is forgone and no death benefit is paid if the insured survives the insurance term. Premiums are determined by many factors such as age, sex, term, type of job, and level…
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