While most people associate 529 money with college tuition, the plans can cover much more. "Educational supplies, like ...

Internal Revenue Code Section 529 college savings plans are state sponsored plans designed to encourage residents to save for college. Regardless of age and income, anyone can make contributions to a ...

The college admissions and financing process is nothing short of daunting for many Americans. With higher education costs skyrocketing — the average annual cost of college in the United States was $36 ...

A financial advisor can help families save for education using 529 plans and align education planning with their broader financial goals. A 529 plan is a tax-advantaged account, where money grows and ...

Peter Lazaroff is an award-winning financial advisor and chief investment officer of Plancorp, where he focuses on long-term investing strategies and wealth management. He is an Investopedia 100 Top ...

Since their launch more than 20 years ago, 529 education savings plans have helped students and their families better access higher education through tax-advantaged investing. Moreover, 529 plans have ...

If you are planning to help cover the cost of a child's education someday, opening a 529 plan is often considered one of the best ways to start saving. That's because a 529 college savings plan offers ...

As college application season kicks off, families are looking for ways to stretch their savings to cover rising tuition and other education-related expenses.Th ...

Opening a 529 college savings account can be a smart move if you’d like to save for college on a tax-advantaged basis. One thing to consider when opening a 529 plan is whether it should be a custodial ...

Simplify your decision-making so you can focus on saving If you're shopping for the best 529 college savings plan, you may be overthinking the process. The choice should be simple and quick, so that ...

The SECURE 2.0 Act, passed in 2022, made a major change to 529 plans. It gives families an alternative to paying a 10% penalty for non-educational withdrawals. There are conditions you need to be ...

The Arkansas Brighter Future 529 Plan has reached $1.5 billion in assets, providing tax-advantaged savings accounts to help Arkansans pay for tuition, books, housing, and other educational ...