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How 529 Plans Work for NRI and Indian-American Families

A 529 plan for NRI families can provide tax-advantaged savings for U.S. education and certain eligible foreign colleges. Indian-American parents should verify qualified expenses, FAFSA treatment, state tax benefits and cross-border tax consequences. A 529 plan can help NRI and Indian-American families save for college without immediately sacrificing retirement funds. Contributions are made with after-tax

NRI Updates

22 Jul 2026 14:31 PM

How 529 Plans Work for NRI and Indian-American Families

A 529 plan for NRI families can provide tax-advantaged savings for U.S. education and certain eligible foreign colleges. Indian-American parents should verify qualified expenses, FAFSA treatment, state tax benefits and cross-border tax consequences. A 529 plan can help NRI and Indian-American families save for college without immediately sacrificing retirement funds. Contributions are made with after-tax

NRI Updates

Should Parents Use Retirement Savings for College?

A family earning $550,000 a year is considering using $300,000 of its $1.2 million retirement savings for a daughter’s preferred college. The case shows why parents must compare 529 funds, athletic aid, taxes, lost investment growth and retirement needs before committing. A high-earning U.S. family is weighing whether to spend about $300,000 on a daughter’s preferred college or preserve the money for retirement. The parents, age 48 with $1

Money & Investments

22 Jul 2026 10:33 AM

Should Parents Use Retirement Savings for College?

A family earning $550,000 a year is considering using $300,000 of its $1.2 million retirement savings for a daughter’s preferred college. The case shows why parents must compare 529 funds, athletic aid, taxes, lost investment growth and retirement needs before committing. A high-earning U.S. family is weighing whether to spend about $300,000 on a daughter’s preferred college or preserve the money for retirement. The parents, age 48 with $1

Money & Investments

US launches ‘Trump accounts’ for newborns with initial government investment

The United States government has officially launched a new investment program for newborns, called ‘Trump accounts,’ designed to help families start saving for their children’s future. The initiative, established under the One Big Beautiful Bill, provides an initial government deposit of $1,000 for every child born between 2025 and 2028. Officials estimate that approximately 25 million families will be eligible to participate over the next three years. Early adoption has been strong, with

Government Policies

28 Jan 2026 12:46 PM

US launches ‘Trump accounts’ for newborns with initial government investment

The United States government has officially launched a new investment program for newborns, called ‘Trump accounts,’ designed to help families start saving for their children’s future. The initiative, established under the One Big Beautiful Bill, provides an initial government deposit of $1,000 for every child born between 2025 and 2028. Officials estimate that approximately 25 million families will be eligible to participate over the next three years. Early adoption has been strong, with

Government Policies

Big Fat Indian Weddings Can Now Be Insured But Do You Really Need One

India is preparing for one of its busiest wedding seasons, with nearly 46 lakh weddings expected in 2025 and spending projected at around Rs 6.5 lakh crore. As celebrations grow grander, Indian weddings often resemble Bollywood productions with choreographed sangeets, elaborate décor and multi-day festivities. But with budgets crossing Rs 30–35 lakh for most weddings, and luxury ceremonies easily exceeding Rs 1 crore, families are pouring unprecedented amounts into these events. With such

Money & Investments

20 Nov 2025 01:53 AM

Big Fat Indian Weddings Can Now Be Insured But Do You Really Need One

India is preparing for one of its busiest wedding seasons, with nearly 46 lakh weddings expected in 2025 and spending projected at around Rs 6.5 lakh crore. As celebrations grow grander, Indian weddings often resemble Bollywood productions with choreographed sangeets, elaborate décor and multi-day festivities. But with budgets crossing Rs 30–35 lakh for most weddings, and luxury ceremonies easily exceeding Rs 1 crore, families are pouring unprecedented amounts into these events. With such

Money & Investments

Articles

Trump Birthright Citizenship Case Heads Toward Supreme Court Ruling

Yuzvendra Chahal Divorce Case Expedited: Bombay High Court Waives Cooling-Off Period

Bay Area to Ban Gas Water Heaters by 2026 and Furnaces by 2029

Pakistan Still Struggling To Repair Damage From India’s Airstrikes Six Months After Conflict

CM Vijay Meets Rapper Arivu After Anti-NEET Protest Detention

Bhuvneshwar Kumar reaches 200 IPL wickets in historic milestone

US-Iran MoU faces criticism from Nikki Haley

CSK crush MI by 103 runs as Samson’s unbeaten century leads rout

The Influence of Cartoons and Pop Culture on Kids Fashion

Abhinav Arora Responds to Chicken Video Controversy Amid Spiritual Journey

#familyfinance

How 529 Plans Work for NRI and Indian-American Families

How 529 Plans Work for NRI and Indian-American Families

Should Parents Use Retirement Savings for College?

Should Parents Use Retirement Savings for College?

US launches ‘Trump accounts’ for newborns with initial government investment

US launches ‘Trump accounts’ for newborns with initial government investment

Big Fat Indian Weddings Can Now Be Insured But Do You Really Need One

Big Fat Indian Weddings Can Now Be Insured But Do You Really Need One

Trump Birthright Citizenship Case Heads Toward Supreme Court Ruling

Yuzvendra Chahal Divorce Case Expedited: Bombay High Court Waives Cooling-Off Period

Bay Area to Ban Gas Water Heaters by 2026 and Furnaces by 2029

Pakistan Still Struggling To Repair Damage From India’s Airstrikes Six Months After Conflict

CM Vijay Meets Rapper Arivu After Anti-NEET Protest Detention

Bhuvneshwar Kumar reaches 200 IPL wickets in historic milestone

US-Iran MoU faces criticism from Nikki Haley

CSK crush MI by 103 runs as Samson’s unbeaten century leads rout

The Influence of Cartoons and Pop Culture on Kids Fashion

Abhinav Arora Responds to Chicken Video Controversy Amid Spiritual Journey

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Trump Birthright Citizenship Case Heads Toward Supreme Court Ruling

Yuzvendra Chahal Divorce Case Expedited: Bombay High Court Waives Cooling-Off Period

Bay Area to Ban Gas Water Heaters by 2026 and Furnaces by 2029

Pakistan Still Struggling To Repair Damage From India’s Airstrikes Six Months After Conflict

CM Vijay Meets Rapper Arivu After Anti-NEET Protest Detention

Bhuvneshwar Kumar reaches 200 IPL wickets in historic milestone

US-Iran MoU faces criticism from Nikki Haley

CSK crush MI by 103 runs as Samson’s unbeaten century leads rout

The Influence of Cartoons and Pop Culture on Kids Fashion

Abhinav Arora Responds to Chicken Video Controversy Amid Spiritual Journey

#familyfinance

How 529 Plans Work for NRI and Indian-American Families

How 529 Plans Work for NRI and Indian-American Families

Should Parents Use Retirement Savings for College?

Should Parents Use Retirement Savings for College?

US launches ‘Trump accounts’ for newborns with initial government investment

US launches ‘Trump accounts’ for newborns with initial government investment

Big Fat Indian Weddings Can Now Be Insured But Do You Really Need One

Big Fat Indian Weddings Can Now Be Insured But Do You Really Need One

Trump Birthright Citizenship Case Heads Toward Supreme Court Ruling

Yuzvendra Chahal Divorce Case Expedited: Bombay High Court Waives Cooling-Off Period

Bay Area to Ban Gas Water Heaters by 2026 and Furnaces by 2029

Pakistan Still Struggling To Repair Damage From India’s Airstrikes Six Months After Conflict

CM Vijay Meets Rapper Arivu After Anti-NEET Protest Detention

Bhuvneshwar Kumar reaches 200 IPL wickets in historic milestone

US-Iran MoU faces criticism from Nikki Haley

CSK crush MI by 103 runs as Samson’s unbeaten century leads rout

The Influence of Cartoons and Pop Culture on Kids Fashion

Abhinav Arora Responds to Chicken Video Controversy Amid Spiritual Journey

Popular Cities