Tuesday, June 21, 2022
New Features Create Additional Appeal for 529 College Savings Plans
It is no secret that college costs are rising, typically at a rate that exceeds inflation. If you would like to help support the education savings efforts of grandchildren, nieces, nephews, or other loved ones, assisting them with a 529 college savings plan can be an effective tool. College savings plans have been growing in popularity since the late 1980s. The creation of Section 529 by the IRS in the late 1990s provided even greater incentive to save through tax-deferred treatment of 529 plan earnings.
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