Decision made: Why 529 plans are a popular choice for education savings
For families saving for college, 529 plans remain popular. Here are some key facts about 529 plans.
For families saving for college, 529 plans remain popular. Here are some key facts about 529 plans.
Considering the broader tax benefits, 529 plans may be a more tax-efficient way to save for college than custodial accounts.
The SECURE 2.0 Act, signed into law in late 2022, was a follow-up to the original SECURE Act passed in 2019. The bill included more than 90 different provisions scheduled to be phased in over several years. SECURE 2.0 introduced wide ranging changes to employer-sponsored retirement plans as well as IRAs. For 2024, there are
Important changes to the FAFSA filing will take effect this year and impact student aid levels for some families.
Families with college-bound students may want to consider a plan with a dual approach to help achieve college planning goals.
As more students consider studying abroad it is important to understand program requirements and map out a plan.
The need to save for college becomes more significant with less federal aid available and loan forgiveness proposal is struck down by SCOTUS.
A growing number of families are using 529 plans to save for college.
More grandparents may consider funding a 529 plan for their grandchildren as financial aid rules change.
Beginning in 2024, the SECURE Act allows unused funds from a college savings plan to be transferred to a Roth IRA in a form of backdoor Roth strategy.