Celebrating 529 Day & Teacher Appreciation

This year, National Teacher Appreciation Week is May 8th – May 12th, and National Teacher Appreciation Day is Tues., May 9th529 Day (529 college savings plans) is Mon., May 29th.  These 2 financial awareness topics are very important for several reasons, so let’s explore those a bit more.

If you, your children, and your grandchildren have had teachers who were instrumental in your/their education, then you know why great teachers are so important.  They can make learning fun and change a child’s life for the better, and that is huge.  Make sure to thank those teachers who do their job so very well, and not just during Teacher Appreciation Week – they deserve it.

Teachers are a large part of our business (we are a 403(b) provider for both Dallas Area & Wyoming Valley West school districts) and we just wanted to say, “thank you for all that you do” – that’s why we enjoy taking care of your 403(b)/retirement/tax/financial needs.

529 Day is a yearly reminder for those with children, grandchildren, nieces, nephews, etc. that saving for college is a smart decision, especially when considering the many benefits of these 529 plans (these can vary from state-to-state).  Many who would like to send children to college/trade schools (yes, some of these plans can be used for trade schools as well) realize that the cost will be quite substantial – that’s why raising awareness of these plans is so important.  A recent study has shown that only 28% of Americans know about 529 plans, and that statistic needs to change for the better.

We have many clients who are saving for their children’s and grandchildren’s college costs with 529 plans, and many more I’m sure will also do the same going forward.  We would like to thank those clients as well – those plans you opened for your children/grandchildren show that you care so much about their future education and want what’s best for them.

These two May ’17 financial awareness topics are interrelated – they both deal with the area of education.  It is one of the most important things we can do in life – educate ourselves and those we love as best as possible to prepare them for what life has in store for them.

I’ve always said the 2 most important things in life we can learn about is

  1. how to successfully communicate/deal with people, and
  2. how to properly handle personal financial matters.

So this goes out to all of the teachers and adults who try to better the children of tomorrow for when they become adults themselves – thank you for caring enough …we appreciate what you do every single day, not just in May.

Find an experienced financial advisor who frequently deals with 403(b)s and/or 529 college savings plans, works for an RIA firm, earns his/her money from fees (NOT commissions), believes in having an abundance of investment choices for clients, and has the heart & demeanor of a teacher, NOT a salesman, and chances are you’ve found the right financial advisor to help you prepare and plan for retirement and/or college costs.

To learn more about Martin Federici at MF Advisers, visit his Paladin Registry profile.    

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