529 college savings plans have no hard and fixed annual contribution limits, unlike IRA, HSA, 401(k), or many other US tax-deferred accounts. Rather, 529 plans are often subject to state-set overall contribution limit that you should not put in more than 4 years’ worth of expenses at the most expensive university you could spend the […]
529 plans are one of the best US tax-advantaged vehicles for college savings. While 529 plans are sponsored by a US state, you do not need to be resident in a state to participate in that state’s 529 plans, nor will investing in a state’s 529 plan limit you to that state’s schools.  In […]
529 plans are a US tax shelter providing 100% tax-free treatment of investment gains if used for qualifying educational expenses. 529 plans are set up by a state, but no matter where you live, you can invest in the 529 plan of any state, and use 529 funds to pay for out-of-state (and even some […]
529 plans are one of the most tax-efficient ways for US taxpayers to save and invest for college and other higher education fees. The best 529 plans for expats (which here refers to any US citizen or green card holder living outside the United States, regardless of where you were born) overlap with the best […]
Last night we had a full board room attending our joint presentation with Top Schools‘ head girl Ruth Benny on paying for international schools in Hong Kong and saving for university education in the US or UK. Â We had several good questions covering topics including debentures, 529 plans, in-state vs out-of-state tuition, and when to […]
Hong Kong schools are competitive and costly, and planning and saving for university for your child can seem just as daunting. Â This joint presentation by Top Schools’ Ruth Benny and GFM Asset Management’s Tariq Dennison CFP covers the big investments parents make in education, from choosing the best schools in Hong Kong to planning and […]
For decades, college tuition has risen at a significantly faster pace than the rate of inflation, having roughly tripled in the last 40 years in real terms (that is, even after adjusting for inflation) (Sources: The College Board and NCES).  This post discusses what I believe have been the main drivers of the seemingly rapid rise […]
Sending a child to university is one of the largest big-ticket financial goals for many families. Â A 4-year degree at a top college can easily cost over US$200,000 / HK$1,500,000 per child, and this cost has been rising far faster than the overall rate of inflation. Hong Kong based CERTIFIED FINANCIAL PLANNERCM Professional Tariq Dennison […]
This is part 4 in my 8-part guide to your financial life in Hong Kong. It is mostly intended for foreigners (especially US citizens or green card holders) living in or moving to Hong Kong looking to better understand “the system” and better manage their money both in and outside of Hong Kong. This one […]