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What is the best way for grandparents to save for their grandchildren's future college tuition?
Wiki User
∙ 11y ago
You can consider any type of investment fund for college savings for your grandchildren. For education, specifically, though, each state has one or more "529" programs which are meant for education savings and offer great tax advantages. You can learn about these programs here: http://www.collegesavings.org/ .
Wiki User
∙ 11y ago
Opening a 529 savings plan is a tax-advantaged way for grandparents to save for their grandchildren's college tuition. Contributions can grow tax-free, and withdrawals for qualifying education expenses are also tax-free. Additionally, contributions may be eligible for state income tax deductions.
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Grandfather and grandmother by A Okion Ojigbo?
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Why is it important to support people to plan for their future well-being?
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Who do you have to deal with directly to enroll in a 529 prepaid tuition plan?
Locking in current tuition rates for future college education
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locking in current tuition rates for future college education.
How can I save for college successfully?
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Which is a way to pay for future college costs at today's rates?
529 prepaid tuition plan
Which is way to pay for future college costs at today's rates?
529 prepaid tuition plan.(:
The characteristics of a prepaid tuition plan?
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What group of lineages is called a .?
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