When a child is born, parents tend to adjust their budgets to account for diapers, baby food and child care — not necessarily for the cost of the child’s college education years down the road.
Grandparents looking to contribute funds to cover their grandchild's college costs often turn to a 529 plan, a type of account that provides tax benefits for education savings. But grandparents ...
For a typical family, the tax advantages of a 529 college savings plan outweigh the restrictions on how those funds can be spent, some experts say. In cases where a child doesn't go to college ...
529 savings plans may come with a slew of incentives, but depending on where you live, it might be best to look beyond your state's borders. "The benefits of going out of state can be lower fees ...