Latest Posts

Can I Roll a 529 Plan into an IRA & Vice Versa?

Learn the specific rules and requirements for transferring funds between IRAs and 529 plans so you can make informed financial decisions for the future.
Jan 22, 2021
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Sootchy Team

What Is the Best Financial Gift for a Child?

There are many ways you can contribute to a child's future financial success, but what will help them the most? Learn more with the Sootchy savings experts.
Jan 20, 2021
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Sootchy Team

Can a Grandparent Open a Savings Account for a Child?

Starting a savings plan for your grandchild sets up limitless possibilities for them. Learn how you can start a savings account for your grandchild.
Jan 18, 2021
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Sootchy Team

Can 529 Programs Be Used for Graduate School?

Understanding what you can or cannot use a 529 plan for can help you make a better financial decision. Learn how 529 plans can be used for grad school.
Jan 15, 2021
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Sootchy Team

Sootchy Founder David Adefeso Featured in Forbes

Sootchy founder, David Adefeso, provides his expert insight on the state of student loans for one of the top business publications in the world.
Dec 18, 2020
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Sootchy Team

Are Contributions to a 529 Plan Tax Deductible?

A 529 plan is one of the smartest ways to save for college because of the many benefits such as potential tax credits. Learn if you qualify for 529 tax deductions.
Dec 14, 2020
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Sootchy Team

How Do I Write Off 529 Plan Contributions on My Taxes?

One of the largest benefits of a 529 plan is the tax savings, learn how you can write off 529 contributions depending on your state from the Sootchy 529 experts.
Dec 11, 2020
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Sootchy Team

Investing for Your Grandchild: Best Gifts with Tax Benefits

Investing in your grandchild's future is the best way to ensure their financial success. But which account is the best for investing? Learn more with Sootchy.
Dec 10, 2020
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Sootchy Team

What States Offer a Tax Deduction for 529 Plans?

Tax deductions on 529 plans vary by state, which can be confusing for those saving for college. Learn if your state offers tax deductions on a 529 plan.
Dec 9, 2020
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Sootchy Team

Can I Use a 529 Plan to Pay for Medical School?

529 plans are a great way to save for your education, but can these benefits be applied to medical school? Learn more from the Sootchy 529 experts.
Dec 8, 2020
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Sootchy Team

How to Help Your Grandchild Pay for College

As the price of college continues to grow, saving early is increasingly important. Learn the best accounts to start saving for your grandchild's education.
Dec 7, 2020
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Sootchy Team

Do You Need Separate 529 Plans for Each Child?

Many people wonder if they should open a 529 plan for each child or if one 529 plan can have multiple beneficiaries. Learn more from our college savings experts.
Dec 4, 2020
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Sootchy Team

Should a Grandparent Own a 529 Plan?

529 plans have become the most popular form of savings for college because of the many benefits they offer including tax-free investment earnings.
Dec 3, 2020
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Sootchy Team

Does Utah Have a 529 Plan?

As 529 plans become increasingly popular, many people wonder if the savings plan is available in their state. Learn more about 529 plans in Utah.
Dec 2, 2020
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Sootchy Team

Utah 529 Plan Performance Trend

Understand the performance of the 529 plan you select in Utah can make a huge difference in your returns. Learn more about Utah's 529 plan performance.
Dec 1, 2020
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Sootchy Team

How Much Can Each Parent Contribute to a 529 Plan?

Many parents want to save as much as possible for their child's education, but what is the maximum annual contribution for parents? Learn more from our 529 experts.
Nov 30, 2020
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Sootchy Team

How Much Money Do You Need to Start a 529 Plan?

Many people ask us "how much do you need to start a 529 plan?" The answer varies based on your location. Learn more from our college savings experts.
Nov 29, 2020
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Sootchy Team

Can You Open a 529 Plan For Yourself?

529 plans offer many benefits when saving for college. Learn how you can create one of these plans to fund your own education.
Nov 28, 2020
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Sootchy Team

How Do I Pay for My Child's College Tuition?

Paying your child's tuition is something every parent would like to do, but where should you start? Learn everything you need to know about paying for college.
Nov 27, 2020
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Sootchy Team

What Is the Max Contribution for a 529 Plan in Utah?

The details and benefits of 529 plans vary by state. Learn the specific contribution limits for 529 plans in Utah and make an informed investment decision.
Nov 27, 2020
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Sootchy Team

What Happens to a 529 Plan If a Child Doesn't Go to College?

If you began saving for your child's education early with a 529 plan but they decided not to go to college, what can you do with that money? Our 529 experts explain.
Nov 26, 2020
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Sootchy Team

Can a 529 Plan be Used to Pay Student Loans?

529 plans are one of the most popular college savings options, but many people wonder if these funds can be used for college debt. Learn more from our 529 experts.
Nov 23, 2020
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Sootchy Team

Can 529 Plans Lose Money?

Although 529 plans come with risk, you can mitigate that risk and increase your odds of returns by taking the right steps. Learn more from the 529 experts at Sootchy.
Nov 20, 2020
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Sootchy Team

Are 529 Plans Worth It?

As the price of college continues to increase, people are looking for the most efficient way to save. Learn why so many people are turning to 529 plans.
Nov 20, 2020
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Sootchy Team

What Fees Are Associated with a 529 Plan in Utah?

It is important to understand all the fees associated with Utah's 529 plan before getting started. Learn all the 529 fees and avoid surprises with Sootchy.
Nov 19, 2020
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Sootchy Team

How to Start a College Fund for a Child or Baby

Everyone knows starting to save for college early is essential, but what fund will provide the most value? Learn more from our college savings experts.
Oct 23, 2020
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Sootchy Team

How to Open a 529 Plan

529 plans are quickly becoming one of the most popular ways to save for college. Learn how you can easily start saving for college with a tax-free 529 plan.
Oct 23, 2020
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Sootchy Team

What Happens if You Don't Use Your 529 Plan?

Having leftover money from college savings is an exciting idea, but what can you do with that excess money? Learn the options you have with your leftover 529 savings.
Oct 23, 2020
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Sootchy Team

Utah 529 Plans - College Savings Plan in UT

Learn everything you need to know about Utah's 529 plans including how to open a plan, make contributions, and more.
Oct 22, 2020
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Sootchy Team

What Are the Best College Savings Accounts?

There are so many ways to save for college, it can be easy to get overwhelmed. Luckily, we cover the best modern college savings options to make your life easier.
Oct 22, 2020
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Sootchy Team

What Is the Best Way to Set Up a College Fund for a Grandchild?

Saving early for college is crucial. Learn the best way you can contribute to your grandchild's future education.
Oct 16, 2020
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Sootchy Team

How The State You Study In Affects Your Student Loan Debt

It’s important to beware that studying in certain states is going to be more costly than others. The last thing you want for your child is to have to postpone getting married or owning a home in the future because they are worried about paying off student loans first.
Apr 3, 2020
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Sootchy Team

The Best College Major For Your Personality Type

If your major aligns with your character, you’re more likely to achieve better grades, graduate on time, and stay with the same major throughout your college career.
Mar 27, 2020
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Sootchy Team

Top 5 Most Popular College Majors in The United States

Selecting a college major can be a difficult choice for students just graduating from high school. After all, there are over hundreds of interesting options, and you don’t want to get stuck studying something you don’t love.
Mar 21, 2020
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Sootchy Team

3 Surprising Reasons Why College is So Expensive

People all over the world are questioning why college is so expensive in the United States. Today, we are going to reveal the top three reasons why college prices have shot up over the last few decades.
Mar 6, 2020
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David Adefeso

How to Get a Hefty Financial Aid Package for College

While your child is devoting their time to filling out college applications, it’s a great idea for you to start thinking about how to improve their chances of getting a generous financial aid package.
Feb 28, 2020
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Sootchy Team

3 Important Factors To Consider When Selecting a College

Selecting the right college can be a struggle. Maybe your kid has come to you with a dozen college pamphlets and no idea what they are looking for. Or they have a clue about what kind of universities they like but need to narrow down a few favorites. It can be overwhelming for a young…
Feb 21, 2020
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Sootchy Team

Why You Need to Save for College As Soon as Possible

Procrastination can get to the best of us when it comes to tucking away money for university. Maybe you keep telling yourself there will be more time to save for college in the future or you’ll get around to it when you’re in a better situation financially. It’s hard balancing your financial obligations with something...
Feb 19, 2020
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Sootchy Team

Can I Use My 529 Plan to Pay for Room and Board?

Knowing what expenses you can pay with a 529 plan can get complicated. Learn what types of 529 plans can be used to pay for room and board.
Jan 14, 2020
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Sootchy Team