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529 Plan or High Yield Savings Account?

529 Plan or High Yield Savings Account?

by Danny Cieniewicz | Jul 26, 2023 | 529 Plans, Saving for College, Taxes

When choosing the best option to invest for college, many folks have questions which is the way to go. I’ve seen many people asking, should I use a 529 plan or a high-yield savings account? Unfortunately, I think the question itself stems from a...
Tax Tips for Grandparents Paying for College

Tax Tips for Grandparents Paying for College

by Danny Cieniewicz | Jun 17, 2023 | 529 Plans, Paying for College

As the cost of higher education continues to rise, it’s common to see grandparents stepping in to support their grandchildren’s college expenses. It can be a wonderful gift for a grandparent who wants to see a grandchild benefit from a college education....
The 529 Plan Guide for PA Residents

The 529 Plan Guide for PA Residents

by Danny Cieniewicz | Mar 15, 2023 | 529 Plans, Saving for College, Taxes

When it comes to saving & paying for college, 529 plans are a force to be reckoned with. They’re not perfect, but they are as good a tool as you can find. Thankfully, Congress has passed legislation in recent years to further bolster 529 plan benefits. For...

Does a 529 Plan Affect Financial Aid?

by Danny Cieniewicz | Feb 20, 2023 | 529 Plans, FAFSA, Financial Aid

529 plans are an ever-increasing way for families to save for their children’s education. As mentioned in prior posts, these tax-advantaged investment accounts allow families to set aside funds for college or other qualified education expenses, with a potential...
Can Financial Aid Be Used for Rent?

Can Financial Aid Be Used for Rent?

by Danny Cieniewicz | Feb 16, 2023 | 529 Plans, Financial Aid

Can financial aid be used for rent?  It’s a good question, and there are some complexities to it. In this post, we’ll look at these complexities and provide you with everything you need to know about using financial aid to pay for rent. That said,...
What are the Downsides to 529 Accounts?

What are the Downsides to 529 Accounts?

by Danny Cieniewicz | Feb 14, 2023 | 529 Plans, Saving for College

When considering the best college savings plan, it’s important to understand the pros and cons of a 529 account. If you’ve read any of my prior posts, you’ll know I’m a big proponent of 529 plans. You can see more of the advantages and updates...
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  • Why a 529 Beats a Roth IRA when Saving for College
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This website is owned and operated by Daniel Cieniewicz. Dan is an investment adviser representative of Hyperion Financial, LLC. However, please note that the content of this website is for informational and educational purposes only, and should not be considered investment advice. No information presented on this website should be considered a recommendation that any particular investment, strategy, portfolio, or transaction is suitable for any specific person. You are encouraged to seek the counsel of professional finance, legal, and/or tax advisors as you deem appropriate before making any investment decisions based on the content of this website.
Hyperion Financial, LLC (“Hyperion”) is a registered investment adviser authorized to do business in the states of Pennsylvania and Texas, and in other jurisdictions where exempted. Registration as a registered investment adviser does not imply a certain level of skill or training. This website contains a link to the Hyperion Financial, LLC website that provides general information about Hyperion’s services. This link is provided as a convenience only. Hyperion can only provide individualized services after you sign an agreement and receive required disclosures. Users of this website may, but are not required to, engage the services of Hyperion for advisory services.
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