College Savings – Putnam Wealth Management

529 plan checklist for 2020 year-end

Whether saving for college or making withdrawals, there are many 529 plan considerations that may need attention at year-end.

Families may consider using funds from a 529 plan to cover qualified expenses even if their child is studying remote this fall.

While college students may decide to take a gap year, families can continue to plan for the completion of the college program.

While navigating the changing back-to-school landscape , families can still focus on planning and saving for the future.

Consider creating a plan to prepare for college during the high school years.

This fall, preparing a college checklist may be more important than ever as the ongoing pandemic is affecting how colleges re-open.

Much is shifting in the education landscape, but some things continue to improve, including the value of higher education.

Planning for college can be challenging in the near term but families and students can still make progress toward their goals.

Consider giving the gift of education this year with several strategies, including a super-size contribution, to a 529 college savings plan.

Families with college-bound students focus more intently on the future when their child enters the last two years of high school.