Similar Stories to Next Avenue: Why Grandparents Should Set Up 529 College Savings Plans on Bing News

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.
    You can't sue someone for money even if they promised that money to you, and its best not to include inheritance money in your budget.
    01/8/2025 - 11:30 pm | 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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