529 College Savings Plans: A Cheat Sheet for Common Questions
Submitted by Neville Associates on May 31st, 2024Whether your child was just born or is heading toward high school graduation, a 529 savings plan may help you put aside funds to pay for college expenses without paying taxes (federal and some states) on any dividends and gains.1 However, 529 plans have some specific rules, regulations, and restrictions that parents must know before college begins.