Next Avenue: Why Grandparents Should Set Up 529 College Savings Plans

Setting up a grandparent 529 takes less than a half-hour. The money grows tax-free, distributions are tax-free, and you can even transfer it to another child.

Topics:  set   tax-free   
BING NEWS:
  • My late grandfather set up a savings account for me, now my grandma won’t give me my money.
    Did you know the Baby Boomer generation is the most selfish and entitled generation in recent history? They inherited one of the strongest economies in the history of the world and have proceeded to ...
    01/9/2025 - 12:30 am | View Link
  • My wife and I saved up $73,000 in 529 college savings plans for our kids — then their grandma generously paid for everything. Can we still use the 529 plans without penalty?
    Say you made saving for your kids’ college education a priority, but then grandma swoops in and pays for everything. What happens to the money in their 529 plans? A 529 plan is a tax-advantaged ...
    12/25/2024 - 11:22 pm | View Link
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