Most Americans don’t know what a
529 college savings plan is, according to a survey by Edward Jones. The tax-advantaged
investment plans facilitate saving for tuition and other costs while
benefitting from a variety of tax breaks. Not surprisingly the study revealed
that wealthier Americans know more about 529 plans than less affluent
respondents. Although ideally suited to long term saving for a child’s
education (usually by parents, grandparents, and other relatives), 529 plans
can be used by adults as well. Come to Financial Planning for Women on
Wednesday, July 10 at 11:30 or 7 pm to learn more. Check the other blog posts
for info on 529 plans by searching for “college savings” and “529.”
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