If you want to avoid hefty penalties when you start using money from a 529 college savings account, there are some important rules to follow, according to the financial team at Consumer Reports. If ...
Every year, investors use 529 plans to save for their loved ones' educations. While this tax-advantaged account has many benefits, one concern has long persisted with parents, grandparents and others: ...
Financial advisors get these 529 plan questions from clients planning for college costs, from ownership transfers to Roth ...
A 529 account is a tax-advantaged savings plan designed primarily for education expenses, and recent legislation has significantly broadened its uses. As of July 2025 and the passage of the One Big ...
Explore options for using a traditional IRA to fund a grandchild's 529 plan, including tax implications and alternative funding strategies for education.
The goal of 529 plans is to make it easier to save for college. These tax-advantaged investment accounts allow you to save and use the growth tax-free to pay for qualified educational expenses. Like ...
I originally had my children’s college savings in CDs and a high-yield savings account. In 2021, interest rates were awful so I opened a 529 for each of my kids. Their 529 money is not growing. In ...
When I was pregnant with our first child, we started a college fund. We set aside $150 every month for her 529 account, even when it was financially difficult. We're now withdrawing from her plan to ...