The Complete Guide to 17 Benefits of 529 Plan

  As the cost of higher education, each year continues to grow 529 college savings plans become a great solution for many parents and grandparents when it comes to saving for their kids’ and grandkids’ college education. While most people are catching on to the appeal of 529 plans, which offer tax-advantaged investments to pay for qualified…

An Introduction to 529 Plan

  What is a 529 plan?   A 529 plan is a tax-advantaged education savings plan sponsored by a state or state agency.This plan is designed to encourage saving for the future higher education expenses of a designated beneficiary. This college savings don’t just cover tuition, a 529 plan can be used for tuition and other education-related expenses at most…

Types of 529 plans

There are 2 basic types of 529 plans: prepaid tuition plans and savings plans. States are permitted to offer both types. And each state has its own plan. Each is somewhat unique. A qualified education institution can only offer a prepaid tuition type 529 plan.