Editor’s note: This is the third article in a six-part series focused on paying for education using smart financial and estate planning. Part one is Direct Tuition Payments: A Tax-Efficient Way ...

A 529 plan is a state-sponsored college education savings account. Withdrawals are tax ... numbers yourself with the Bankrate simple savings calculator. When you invest the funds in your 529 ...

Beyond the 529 Plans, there are other educational savings accounts, such as Coverdell Education Savings Accounts ... resources offer educational savings calculators. These tools can help families ...

The formula for calculating savings account interest uses the initial deposit, the annual interest rate and the years of growth. Compound interest earns the account holder more than simple ...