Jerry Peterson, senior partner and vice president of Denver Investment Advisors LLC, has left to form Agger Capital Management, an independent investment management firm based in Denver.
Kansas Boosts Max Contribution on 529 Plan:Officials Cite Rising College Costs
Kansas Treasurer Tim Shallenburger said today that he has increased the contribution limit for the states 529 college savings plan by more than $100,000.
Officials said they increased the total amount that families could contribute to the college savings vehicle because the costs of higher education are rising by at least 5% each year. Families need to be able to save more to meet those rising costs, said Doug Lockwood, VP of shareholder education at American Century.
Kansas 529 plan, which is available nationally, has garnered more than $100 million since it was founded a year and a half ago.