1. College 529 Plans: Can I Invest in Any State’s Plan?

    Mother Reviewing 529 Plans With SonsA 529 college savings plan is an investment vehicle you can use to plan for your child’s future educational expenses. Though each state has its own college 529 plan, you are not restricted from purchasing a plan outside your state of residence.

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  2. Paying for Your Child’s College Education Through A 529 Plan

    Mother and Son Saving for CollegeTuition at the average public university costs more than $8,000 today, according to an online article published on Oct. 29, 2011 by CNNMoney. For parents, this leaves an obvious question: “How can I help pay for my child’s college education?” Some parents use 529 plans to help.

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    Categories: College Planning
  3. Can I Deduct Contributions to a 529 Account?

    College Students Waiting in Admission's OfficeA 529 plan, which is also known as a qualified tuition plan, is an effective investment tool you can use to save money for your children’s college expenses. While the Internal Revenue Service does not permit account owners to take a 529 plan tax deduction on their federal income taxes, it may be possible to claim a state tax deduction for contributions you make to the plan. However, the rules for taking this deduction vary by state.

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    Categories: College Planning
  4. Who Offers 529 Plans Legally?

    Family Saving for College EducationA 529 plan is an investment account that parents can use to prepare for their children’s college expenses. 529 plans offer certain tax advantages, and some plans allow you to lock in tuition rates years in advance. Investing your money in such a way may seem like an excellent college planning idea, but it’s essential that you put your funds in a trustworthy account. If you are looking for such an account, you may wonder who offers 529 plans legally.

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    Categories: College Planning
  5. Can 529 Funds Be Used for General Living Expenses at College?

    Using 529 Funds for General Living ExpensesEvery parent looks forward to that time when their children get accepted to their chosen college or university. It’s a time of great excitement and pride of accomplishment for both parents and children.

    It is also a time of nervousness and uncertainty for both parties regarding the new environment, friends, work load, and most importantly, finances.

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    Categories: College Planning