The upcoming holiday gifting season is a perfect time to review the incredible 529 college savings plan opportunity to build a tax-free fund for college, which can be used by any member of your family. And with recent improvements, even if your child gets a scholarship or decides not to attend college, the money can continue growing for other children in the family, or even as a Roth IRA rollover. Congress created the 529 college savings plan in 1996, named after the section of the IRS code that governs it.

BING NEWS:
  • Terry Savage: Giving the gift of a college savings plan
    Here’s a reminder of how easy it is to set up a 529 college savings plan for a child or grandchild, and why you should encourage gifts to the plan for birthdays and special events.
    12/20/2024 - 8:15 pm | View Link
  • Terry Savage: Gifts to spark financial interest in the young
    I devote a column to meaningful gifts for children of all ages — gifts that might grow in value or spark an interest in financial matters, or just be a relief from the online games that ...
    12/20/2024 - 11:46 am | View Link
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