Please view our full advertiser disclosure policy. In addition to those perks, this 529 plan receives top marks for investment selection, asset allocation and overall management expertise from ...

The 529 structure solves for tax efficiency, control over use of the gift and takes advantage of continued long-term compounding. Current gift tax rules allow for each individual to gift up to $ ...

Named after Section 529 of the Internal Revenue Code (IRC), these plans were originally designed to cover postsecondary education costs. Their scope has greatly expanded in the last decade.

While individual circumstances can impact the best course of action for individuals, 529 college savings plans are still the best way for most people to pay for college. Since today is "529 Day ...

Editor’s note: This is part three of a three-part series about college 529 savings plans. Part one is When Choosing Funds for Your College 529 Plan, Don’t Make This Mistake, and part two is ...

A 529 education saving plan is an investment option to help pay for education expenses. The money invested in one of these accounts allows for a tax-advantaged way to pay for higher education costs.

Thanks to the SECURE 2.0 Act, 529 education savings plan beneficiaries can now enjoy tax advantages after they graduate from college. · Thanks to the SECURE 2.0 Act of 2022, 529 account holders ...

Often, that can be accomplished by gifting a contribution to a 529 college savings plan. What is a 529 and why contribute to it? A 529 plan is a tax-advantaged investment account used to save for ...

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 ...

Brianna McGurran is the Loans Analyst for Forbes Advisor. Most recently, she was a staff writer and spokesperson at NerdWallet, where she wrote "Ask Brianna," a financial advice column syndicated ...

Families can pay for qualifying expenses, but not all college costs are covered by 529 plans. A savings account can help teach children about money, but be sure to choose the right one.