While 529 College Plans have been around for more than two decades, helping people save for their children’s tuition, it’s less well-known that the plans can be used for sidestepping certain taxes. First off, let’s explain just what a 529 plan is and who can open one....
It’s no secret that college is expensive and growing more so every year. Whether a private or public institution, the costs are significant. According to the College Board, in 2017-2018, the average annual tuition and fees for a private institution was $34,740. A...
If saving for college expenses is a good thing, then saving on your taxes at the same time is even better. So, what is the best way to save for college and maximize your tax breaks? In short – a 529 Plan. Here are a few commonly asked questions about 529 college...
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