Once viewed narrowly as college savings tools, 529 plans have significantly evolved over the years. They are now among the most flexible and tax-efficient financial tools available, covering ...
Use the 529 grandparent loophole to fund a grandchild’s education without impacting their financial aid eligibility.
A 529 college savings plan can be a powerful tool when saving for future education expenses because investments in the plan can increase tax-free, but many savers don’t take full advantage of all the ...
PHOENIX (AZFamily) — When children are young, it’s hard to imagine a teenager, diploma in hand, going out into the real world. But most parents will tell you it happens in the blink of an eye, and ...
Morningstar rated the nation's 529 college savings plans. Ratings for the 64 of the nation's largest 529 college savings plans were released by Morningstar and show some downsides exist for families ...
As an accountant and business advisor I sometimes get questions about the pros and cons of 529 Plan contributions. I’ve seen firsthand with my own children how small and consistent choices we make ...
Grandparent-owned 529 accounts, and distributions from those accounts, aren’t counted in federal financial aid calculations.
If the child has a Social Security number or Individual Taxpayer Identification Number, you can open and contribute to a 529 ...
If you’ve ever watched a child unwrap a mountain of toys only to forget half of them by January, you’re not alone. This year, more families are opting for alternative gifting, a growing trend that ...
FILE - This Oct. 24, 2016 file photo shows dollar bills in New York. (AP Photo/Mark Lennihan, File) (Mark Lennihan, Copyright 2017 The Associated Press. All rights ...