Archive for 529 plan
529 Plans New Rules for 2009 and 2010
Posted by: | CommentsIf you have money in a 529 plan to save for college, good for you. 529 plans represent one of the best vehicles for educational savings, and with the cost of tuition skyrocketing faster than anyone can keep up with, they also represent the middle class’ only hope of paying for even 1/2 of a college education in the future. When 529 plans were created, lawmakers attempted to correct some of... Read more→
Put Your Tax Rebate In an IRA or 529 Plan – GENIUS!
Posted by: | CommentsA client asked me what they should do with their [tag]economic stimulus[/tag] [tag]tax rebate[/tag] they will get later this year. (So will you!). Usually I tell people to pay down debt if they have any. They don’t have any. They also have already maxed out their [tag]IRA[/tag]s for 2008. But, they have kids! So I told them to put it in their [tag]529 plan[/tag]s. Then, the lights came on and... Read more→
