It's Time To Get Smart About College Savings

(NAPS) - Sponsored content  |  2017-12-05

The sooner you start saving for your child’s education, the better—and special investment plans can help. Photo courtesy NAPS

(NAPS) - Fall: It’s a time of bright leaves, crisp apples, family feasts and a chill in the air. But for many American families, there’s a chill in the pocketbook, too, as parents around the country consider the daunting challenge of saving for their children’s college education.

The cost of college is rising and Americans are wrestling with ever-increasing amounts of student debt. It has been estimated that by 2033, based on inflation rates, it could cost $262,000 to cover four years of tuition, room and board at a private college. The situation isn’t much better if you go the public route. Sending your child to a four-year state university could set you back up to $134,000.

While saving for college may seem like an overwhelming task, there are tools available to make the impossible seem possible. One essential tool that all parents (and students) should consider is the 529 college savings plan, a tax-advantaged savings plan that is specifically designed to encourage saving for future college costs.

“A 529 college savings plan is an incredibly helpful investment tool to consider when it comes time to buckle down and save for college,” said Rachel Ramos, Product Manager of Investment Services Wealth Management at Capital Group, home of the American Funds® and one of the world’s leading investment management firms. “They are designed to benefit families and come with attractive and compelling benefits.”

Why 529s Are so Valuable

A 529 plan should be a part of your college savings plan for many reasons:

• Investments within the plan grow tax-free, and in many states, the account owner is eligible for full or partial state income tax deductions for contributions to a 529 plan.

• When money is withdrawn from the account, it is tax-free if the funds are used for qualified education expenses, including tuition, books, room and board, computers or other supplies.

• If your student is awarded a scholarship or doesn’t use the entirety of the funds, the owner of the 529 account can change beneficiaries at his or her own discretion and without limitation.

• These accounts never expire, so those assets can be used for graduate school, or can even be passed down to younger siblings or future grandchildren.

“It’s a common misperception that 529s are only for college savings,” continued Ramos. “But 529s are surprisingly flexible. For example, if you’re interested in pursuing higher education for a new hobby or skill, those expenses could be covered with money saved in a 529 plan.”

Millennials—the generation seemingly most impacted by student loan debt—are very focused on saving for their children’s education. According to a recent survey issued by Capital Group, 31 percent of millennials report that not having enough money to pay for their children’s education keeps them up at night. A similar number, about one in three, said that 529 college savings plans are a very important benefit an employer could offer. 

How 529s Work

Think a 529 isn’t for you? Consider this: Anyone, regardless of income, can contribute to a 529 account, making it a nice one-size-fits-all gift that never goes out of style. Plus, 529s are not just for saving for a child’s education—529s can be used to explore intellectual passions and expand horizons well into retirement.

In a 529, investors are able to front-load up to five years in contributions, or contribute up to $14,000 ($28,000 for married couples) annually, without gift-tax consequences. These benefits make contributing into a 529 plan, or opening up a new one, an attractive gift choice for grandparents and family members.

How to Choose the Right 529

There are a number of choices that savers can make when choosing a 529 plan. Most importantly: Do your homework and select the right one for your family that will pay off in the long run. Determine investment goals and then find a plan with flexibility, low fees and low minimum investment.

In addition to state-sponsored 529 options, a number of investment firms offer 529s. CollegeAmerica® 529 Savings Plans, the nation’s largest 529 college savings plan, is a strong option that offers low expenses and flexible, easy-to-use investment options, including target date funds. CollegeAmerica® has been consistently recognized by Morningstar®, an investment research and investment management firm, as a highly rated advisor-sold 529 plan.

Paying for college shouldn’t be the most difficult part about college. Relax, take a deep breath and start saving. 

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Back to School? Learn About Tax Credits for Education

Source: Internal Revenue Service  |  2016-09-15

If you pay for college in 2016, you may receive some tax savings on your federal tax return, even if you’re studying outside of the U.S. Both the American Opportunity Tax Credit and the Lifetime Learning Credit may reduce the amount of tax you owe, but only the AOTC is partially refundable.

Here are a few things you should know about education credits:

The American Opportunity Tax Credit is worth up to $2,500 per year for an eligible student. This credit is available for the first four years of higher education. Forty percent of the AOTC is refundable. That means, if you’re eligible, you can get up to $1,000 of the credit as a refund, even if you do not owe any tax.

The Lifetime Learning Credit is worth up to $2,000 per tax return. There is no limit on the number of years that you can claim the LLC for an eligible student.

You may use only qualified expenses paid to figure your credit. These expenses include the costs you pay for tuition, fees and other related expenses for an eligible student to enroll at, or attend, an eligible educational institution. Refer to for more on the rules that apply to each credit.

Eligible educational institutions are those that offer education beyond high school. This includes most colleges and universities. Vocational schools or other postsecondary schools may also qualify. If you aren’t sure if your school is eligible ask your school if it is an eligible educational institution, or see if your school is on the U.S. Department of Education’s Accreditation database.

In most cases, you should receive Form 1098-T, Tuition Statement, from your school by February 1. This form reports your qualified expenses to the IRS and to you. The amounts shown on the form may be either: (1) the amount you paid for qualified tuition and related expenses, or (2) the amount that your school billed for qualified tuition and related expenses; therefore, the amounts shown on the form may be different than the amounts you actually paid. Don’t forget that you can only claim an education credit for the qualified tuition and related expenses that you paid in the tax year and not just the amount that your school billed.

The education credits are subject to income limitations and may be reduced, or eliminated, based on your income.

To see if you’re eligible to claim education credits, use the Interactive Tax Assistant tool on

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Developing Western Placer County’s Economic and Educational Areas Progresses

Source: Robert Miller, County of Placer  |  2016-07-13

Placer Ranch and the Sunset Area in western Placer County are integral pieces of the county’s economic future. Fully understanding the areas’ importance, the county board of supervisors today approved several items that will allow county staff to proceed with preparation of environmental documents and the review and processing of planning documents for the Placer Ranch project, in addition to an agreement with the Placer Ranch property owner.

In the first action, the board approved a $791,140 contract with Ascent Environmental to prepare the environmental impact report for the Sunset Area Plan update and the Placer Ranch Specific Plan. The two areas are west of highway 65 and situated between the cities of Lincoln to the north, Rocklin to the east and Roseville to the south.

The Sunset Area is an 8,900-acre area in unincorporated western Placer County and Placer Ranch is 2,213 acres of land that is entirely within the Sunset Area Plan. The objective of the Sunset Area Plan update is to implement the county's long-term vision to create a plan that helps drive the county’s economic engine. The environmental impact report is an important piece of the update.

The approval of the second item allows the county to enter into an agreement with the property owners of Placer Ranch to move forward with the specific plan for that site, which will serve as the guiding planning document for the development of the area.

“As many of you know, there was a lot of division and divisiveness over this particular project,” District 1 Supervisor Jack Duran said of Placer Ranch, which borders his district. “That’s been put to rest. It’s now time for everybody in local jurisdictions to come together and figure out the best way to move things forward.”

Placer Ranch includes 300 acres to be dedicated to California State University, Sacramento for a satellite campus that’s expected to develop into an independent CSU campus. At build out, the school is projected to employ 5,000 faculty and staff who will support 25,000 students. Sierra College will also locate a transfer center on the site that serves an additional 5,000 students.

In April, the board took the extraordinary step of authorizing the county to process the plan through the application and environmental analysis process. Typically, a developer would proceed with the tasks undertaken by the county.

A key component of the agreement between the county and the property owners is the dedication of land for the first phase of the Placer Parkway, a critical piece of county infrastructure that will provide a new east to west roadway, relieving traffic congestion on both Highway 65 and Interstate 80.

The board’s actions today will allow county staff to move forward with the processing of the proposed Placer Ranch Specific Plan at the same time as an update of the Sunset Area Plan.

The supervisors, through their actions, recognize that the plan is an integral component in planning for the Sunset Area. Including the Placer Ranch in the Sunset Area update will allow for design of an overall land use plan that balances smart growth, jobs creation, comprehensive infrastructure planning and economic development.

Due to the economic development potential of both Placer Ranch and the Sunset Area, the area is a major center for new employment. Placer Ranch will serve as a major catalyst for both infrastructure and job growth.

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Promoting Literacy Among Youth

Source: Placer Community Foundation  |  2016-06-21

"These sight words and early reading skills are a basic foundation for all future academic success. Everything else builds on the students

Grants provided for the Sight Word Busters Program at the following Auburn and Lincoln elementary schools: Alta Vista Charter, Rock Creek Elementary, Skyridge Elementary and First Street Elementary. Funding allowed for 17 classrooms to receive the program-reaching 510 students this last school year!

Utilizing over 200 community volunteers, the program helps local schools, teachers and K through 1st grade students become successful readers so that every student can meet his or her potential. By providing one-on-one assistance (not always afforded in a classroom setting) trained volunteers help students recognize and master sight words necessary to become fluent readers. Collected data from a participating school in 2015 found 100 percent of program participants were proficient in word fluency at the end of the school year.

"These sight words and early reading skills are a basic foundation for all future academic success. Everything else builds on the students' ability to read and understand. We love that the Sight Word Busters help the children master these words." -Suzanne Flint, Principal, Rock Creek Elementary School.

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7 Ways to Keep Your Child Learning This Summer

Brandpoint  |  2016-04-21

(BPT) - When school dismisses for the summer, parents across the country worry about how much their children will forget over the vacation months. Will all those hours helping them with math and reading dissolve with the carefree hours spent at the pool or playground?

“While a break from the long days of school is needed, studies show that most kids lose up to two months of their math skills between school grades,” says Dominique Ciccarelli, Ed.M., education specialist for Kumon North America. “The brain is like a muscle and needs a regular dose of exercise to stay strong. Connections in your brain multiply when you learn new topics, and through this process, you get smarter.”

Added to this concern is how much time over the summer parents will be able to commit to helping their children retain and reinforce what they learned during the previous school year. While millions of children are eager for the freedom of summer, parents are coming up with plans to keep the learning momentum going.

Here are seven fun ways to keep your child engaged over the summer with enriching experiences.

Have a scavenger hunt at the museum. One way to turn a visit to the museum into a fun and educational experience is to make it a scavenger hunt. If you’re going to an art museum, your list can include things you might see in paintings or sculptures from a certain country. If it’s a natural history museum, you can include dinosaurs and animals.

Find the right learning program. For families with children looking for enrichment activities, the right learning program is invaluable. With nearly 1,500 centers throughout the United States, Kumon uses an individualized approach that helps children develop a solid command of math and reading skills. To help students continue learning through the summer, Kumon is offering free registration in June at participating centers.

Develop their green thumb. Gardening allows children to not only play and build something - as they might do in a sandbox - but learn about the life cycle of plants and the importance of nutrition. One way to make this more exciting is to try to grow something giant, like a huge squash or zucchini that will provide an end goal to the entire experience.

Let them be your travel agents. Before you set off on your summer vacation, get your children involved in the planning process. Let them help you search for lodging within your budget and in the area you want to stay. Together, you can learn about nearby attractions and plan your visit accordingly. The entire process not only builds confidence, but serves as a finance, geography, history and social studies lesson all wrapped in one.

Have adventures in reading. Reading is one of the most important skills to maintain and develop. Reading to your children each day establishes a positive association in their mind and makes them excited to read on their own. Be sure to stay up to date with the activities at your local library, which provides fun and sociable learning opportunities.

Make something. While there are plenty of kits out there to promote STEM learning skills, you can encourage your children to use their creativity and knowledge to build projects from common household materials. Some classic examples of this would be making a raft out of empty milk cartons or plastic bottles, a homemade volcano using vinegar and baking soda or a homemade electromagnet.

Become a collector. A great way for children to get hands-on knowledge of the natural world is for them to build a collection while discovering the outdoors. Rocks, plants, bugs - these are the things that excite a young mind. Search for different kinds of leaves to press at home, then work with your children to identify their types.

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Placer Community Foundation's 2016 Visiting Artist: Phoebe Toland

Source: Placer Community Foundation  |  2016-04-19

Phoebe Toland.

This May the Placer Community Foundation’s Susan Cooley-Gilliom Artist in Residence and Teaching (ART) Program proudly features nationally recognized artist Phoebe Toland.

A prominent printmaker and teacher, Toland will be holding hands-on workshops and presenting her work to the public on the following dates:

Thursday, May 12
Free lecture hosted by Placer Arts - 6:00 p.m. to 7:00 p.m.,
808 Lincoln Way, Auburn, CA 95603, (530)-885-5670

Saturday, May 21
Free lecture hosted by Blue Line Gallery - 5:00 p.m. to 6:00 p.m.,
405 Vernon Street, Suite 101, Roseville, CA 95678, (916) 783-4117.

Friday, May 13 - Sunday, May 15
Prints as Resource I - Workshop at Blue Line Gallery

Friday, May 20 - Sunday, May 22
Prints as Resource II - Workshop at Blue Line Gallery

Description of Workshops
Printmaking allows for the reproduction of images, with variations in color and technique. In this workshop, students will first carve a block of linoleum and make multiple prints, including layering images with each other’s blocks. The following day, students will use their prints as collage material to deconstruct and then reconstruct using decorative papers. Students can then print over these pieces and add areas of depth with shading. No prior experience is necessary, just a willingness to explore and have fun.

About the Artist

Toland earned a BFA from Rochester Institute of Technology in New York (1975) and an MFA from Montana State University in Bozeman, Montana (1983). She is the recipient of multiple awards including the Artist’s Innovation Award from the National Endowment for the Arts in 2009; the Adolph and Esther Gottlieb Foundation Grant in 2005; the Meadowlark Foundation Education Grant in 2001; and the Purchase Award, Equinox at the Paris Gibson Square Museum, Great Falls, MT in 1999. Her art is in permanent collections at the Holter Museum of Art, Helena, Montana; the Yellowstone Art Museum, Billings, Montana; the Paris Gibson Square Museum of Art, Great Falls, Montana; and private collections across the country.

Toland’s work is closely connected to architecture, responding to urban sprawl and rapid growth in cities - issues that are indicative of community dynamics as an expression of larger systems or networks.

”My work has always been closely connected to architecture. But structure goes beyond buildings and cities. It lies at the heart of all activity, and speaks about patterns and hierarchies within societies. Structures that may seem unique within a culture are often seen elsewhere with slight variations; the teepee circle in Wyoming and an ancient Celtic circle in England. The cultural similarities and differences that unite us as a people provide a link to our history and continue to inform and inspire my work.”

This program is generously funded through the Susan Cooley Gilliom Artist in Residence and Teaching Program Fund at Placer Community Foundation. Established through an endowed gift by Sue D. Cooley (Susan’s mother) and the Sky View Foundation, the program represents a lasting legacy to the beloved local artist and environmental advocate. The ART program develops and enhances the visual arts through short-term residencies and workshops taught by nationally established and highly-reputable artists who create in a range of media.

Learn more at:

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Sugar Gliders, Pangolins & Foxes, Oh My! New Novel Entertains for Earth Day

NewsUSA  |  2016-04-19

(NewsUSA) - Sponsored News - Just in time for Earth Day, a new book introduces young readers aged 7 to 11 to a whole new world of unique and compelling endangered species, environmental awareness, teamwork and, best of all, a rollicking, outlandish group of characters that entertain the whole family.

The Nocturnals: The Mysterious Abductions, by Tracey Hecht, focuses on a group of animals who form an unlikely team to solve the mystery of why other nocturnal denizens of their forest are disappearing. Dawn the fox, Tobin the pangolin and Bismark the sugar glider embark on a fantastic adventure that takes them to the depths of the earth and places their survival at stake.

R.L. Stine, author of the bestselling Goosebumps children’s series, describes the book as “an enchanting story about a group of animals who band together to protect their friends and find adventure. The characters are delightful, and the nighttime landscape is captivating. It was just as I expected -- because the best stories always take place in the dark!”

The book is aimed not only at children, but at their parents, and is written with an ear toward being read aloud to educate all ages about the importance of protecting animals and the environment. The story combines snappy dialogue with plot twists and action, and slips in education about different types of animals and how they live and behave.

Author Tracey Hecht noted in an interview that the benefits of shared reading aren’t limited to pre-readers.

“I didn’t stop reading aloud to my kids -- I still haven’t -- and it’s the best part of my day,” she said. “I keep books everywhere and I think of reading like a conversation -- just have it. Just pick up a book and have it. You’ll be amazed at how well it bridges the gaps,” she emphasized.

Children, parents and teachers can visit for more information about the book, including a sample chapter that introduces the main characters. In addition, the website offers bonus animated shorts, activities and educational materials, including a Next Generation Science Guide, templates for animal trading cards and library resources including guidelines for middle grade book clubs.

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