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 ...
The stock market's wild ride is having an impact on families who use a 529 college savings account, a tax-free way for parents to save for educational expenses. There are 17 million active 529 ...
The 2025 federal tax law risks making 529 plans more costly for states by increasing tax avoidance and allowing wealthy ...
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 ...
While many people don't have an extra $9,000 to spare, leaving the funds in the 529 account might make the most sense if you ...
Graduation season is upon us. And while this time brings excitement at watching your child move on to the next stage of their life, it brings many questions as well. One of the questions we receive ...
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What to do with 529 college savings when your child’s plans change
Parents who saved for years in 529 college accounts have several options if their child decides not to attend college or ...
Recent changes implemented by Secure Act 2.0 provide a powerful retirement opportunity. Starting in 2024, Congress changed the way that 529 accounts work. A 529 account is made with a beneficiary ...
This holiday, skip the toys. Learn why families are asking for 529 and ABLE contributions to give kids a meaningful gift for ...
Beginning in 2024, due to new rules within the SECURE Act 2.0, federal law now allows for up to $35,000 in a 529 account to be rolled over to a Roth individual retirement account (“IRA”) for the ...
NEW YORK (Reuters) - Assets in 529 plans climbed to nearly $200 billion in 2012, but the number of families drawing from their accounts to pay for college was just a fraction of the growing student ...
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