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:
  • Adopted Teen’s Grandparents Started a College Fund for His Brother but Not Him: ‘They Said I Wasn't Their Real Grandson’
    A teen boy, who was adopted, shared on Reddit that his grandparents started a college fund for his brother but not him because they don't consider him their 'real grandson.' ...
    01/4/2025 - 9:00 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 - 11:12 pm | View Link
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