Giles: 529 plans are offered by state ... authors own shares in one or more securities mentioned in this article. Find out about Morningstar’s editorial policies.

A 529 savings account is designed to help you save toward your child's future education expenses. By opening a 529 plan, you may be able to reduce future out-of-pocket costs and get a tax break on ...

While growth isn't guaranteed, many 529 plans show an average rate of return that's higher than what you'd find with deposit accounts. Another option is opening a brokerage account, which may ...

Investopedia / Tara Anand A 529 plan can be a great way to save money for college, as earnings are generally exempt from federal and state income taxes if used for qualified education expenses.

A 529 plan is a tax-advantaged way for parents to ... The IRS recommends contacting the plan’s administrator to find out the state program’s contribution limit. While plans are state-sponsored ...

All of the limits having to do with 529 savings plan contributions are aggregate, or lifetime contribution limits. There's no annual contribution limit to 529 savings plans -- in other words, if ...

Best investment accounts for kids Teen-owned brokerage account 529 college savings plan Coverdell education savings account Custodial Roth IRA UGMA or UTMA custodial accounts Who's this for?

If you're looking to set aside money for your children or grandchildren, two great options to consider are 529 Plans and UTMA ...

529 savings plans can cover qualified educational expenses at all levels, including graduate school. The money you contribute to a 529 plan is federally tax-deferred, and eligible withdrawals from ...

Some states offer deductions for 529 plan contributions up to certain limits. 529 plan contributions and qualified withdrawals are tax-free. If you pay state income taxes, you’ll need to report ...

Direct-to-school digital payment experience developed by Flywire and Ascensus offers an intuitive user experience that improves how families access their education savings With six additional plans ...