529 Plans

Should you use a 529 plan to pay for private school? The recent tax reform legislation included sweeping changes to our tax code. One of the lesser-known provisions could benefit parents who plan to send their children to private school. The Tax Cuts and Jobs Act included a provision to…

Section 2: Understanding 529 Plans: Key Terminology Understanding the terminology is a key component to developing a college savings and investment plan. The terms are defined below and will be referenced throughout the guide. (more…)

Qualified tuition programs (also called QTPs and 529 plans) are actually quite straightforward by themselves. Plans typically offer simple investment choices such an age-based asset allocation, and they are relatively easy for anyone to establish and fund. For many investors, the hardest part about 529 plans is selecting the right one. Perhaps…

Section 5: Common 529 Mistakes It is difficult to execute a "perfect" college planning strategy as there are often so many unknowns. However, it is very possible to develop a solid plan to save for your child's higher education. As you think about the strategy that best suits your needs,…

Section 4: Strategies to Save for College Even high-income families are concerned about paying for college. Even if funding isn't a big issue, what is the best way to save for college? As with anything, the "best" approach will depend on your individual family situation. Consider the following tips and strategies to…