Wondering what to do with the cash locked away in your 529 plan? You may not be alone. As of June 2024 (the most recently available data), there were 16.8 million active 529 college savings plan ...
For many parents whose kids will soon be headed off to college, one of their biggest concerns is paying for their education. Consumer Reports explains how a 529 college savings plan can help and what ...
OBBBA expands 529 plans, letting families use funds for tutoring and test fees, increasing flexibility in education spending.
GREENSBORO, N.C. — 529 College Savings Plans have strict guidelines on how the money can be used. However, this summer, a significant change occurred when lawmakers passed legislation. Now, 529 funds ...
The 529 plan has long been a staple for college savings. These tax-advantaged accounts allow funds to grow tax-deferred, with tax-free withdrawals permitted for qualified education expenses. And now, ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. kate_sept2004 / Getty Images A 529 savings ...
Many families are familiar with a 529 college savings plan as a tax-friendly way to save for a child’s education. But it also may be one of the most underutilized vehicles for tax optimization and ...
INDIANAPOLIS (WISH) — Significant changes have been made to the 529 savings plan, expanding its use beyond college expenses, as reported by Candy Valentino for WISH-TV. The 529 plan, traditionally ...
Since their launch more than 20 years ago, 529 education savings plans have helped students and their families better access higher education through tax-advantaged investing. Moreover, 529 plans have ...
When it comes to planning for a child’s education, most people only think of opening a 529 savings plan after the baby arrives. But here's the truth: You can do this even before a child is born—and ...
We started our family young and quickly realized the importance of planning for our child's future. Despite more immediate financial pressures, we prioritize our child's 529 savings plan. We are now ...
A 529 plan is a great way to enjoy some tax advantages while you save up for college. But after all that hard work saving, you want to make sure you are smart about tapping those funds. Sticking to ...