Strategies to Fund Your Child’s College Education: Using Savings and Tax-Advantaged Vehicles

Students look at the College of Agriculture building.

It is never too soon to explore funding options for college educations, whether your child is a newborn or is in middle school. You are more likely to be prepared to fund your child's education if you start planning earlier. This new 4-page document describes and discusses several accounts that allow you to pay for college while taking advantage of tax and savings opportunities. Written by Jessica McCumber, Jorge Ruiz-Menjivar, Martie Gillen, and Sarah M. Ellis, and published by the UF/IFAS Department of Family, Youth and Community Sciences, June 2019.
http://edis.ifas.ufl.edu/fy1484

Major Asset Classes: A Brief Glossary

Using IFAS-generated budgeting tools, young people can learn to manage their money and begin saving and investing in the future. UF/IFAS Photo: Tyler Jones. IFAS Extension calendar 2009

The best time to have started investing is yesterday. This new 2-page document aims to provide a brief but comprehensive glossary of the main financial investment vehicles. Written by Jarrett Tsai, Jorge Ruiz-Menjivar, and Martie Gillen, and published by the UF/IFAS Department of Family, Youth and Community Sciences, May 2019.
http://edis.ifas.ufl.edu/fy1483

Establishing a 501(c)(3) Nonprofit Organization: An Overview

Hard at work on a laptop.

This new 3-page document provides an overview of the process to establish a 501(c)(3) nonprofit organization and also discusses eligibility criteria and filing requirements. Written by Jacqueline Phillips, Jorge Ruiz-Menjivar, Jennifer A. Jones, and Julianne Shoup, and published by the UF/IFAS Department of Family, Youth and Community Sciences, April 2019.
http://edis.ifas.ufl.edu/fy1481

Retirement Need Analysis: How Much of My Current Income Will I Need for Retirement? (FCS7251/FY1355)

Figure 1. The amount of money needed for retirement varies from person to person. There may not be an exact amount, but there are ways to estimate the amount you will need.The amount of money needed for retirement varies from person to person. There may not be an exact amount, but there are ways to estimate the amount you will need. While no “magic number” exists for the amount you should save for retirement, there are calculations you can use to estimate the amount you will need. Calculating your wage replacement ratio (WRR) using either the top-down or bottom-up approach can help you determine how much money you should put aside for retirement and provide you with savings goals. This 3-page fact sheet was written by Jorge Ruiz-Menjivar and Martie Gillen, and published by the UF Department of Family Youth and Community Sciences, March 2013.
http://edis.ifas.ufl.edu/fy1355