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The companies that offer the 529 savings plan are Scottish Friendly, USAA, Wells Fargo, Family Investments, Saving For College and College Savings Service.
What else can I help you with?
What information can you give me on a 529 savings plan?
529 Savings plans are designed to help someone save for college. Most 529 plans are state sponsored.
What is 529 location?
529 plans are tax-advantaged savings plans designed to encourage saving for future education costs. The number "529" refers to the section of the Internal Revenue Code that governs these plans. Each state offers its own 529 plan, which can be used to save for a beneficiary's qualified education expenses.
Do 529 College Savings plans adjust for inflation?
529 savings plans CAN adjust for inflation. This is usually based on the state your in and how large your savings plan is.
Can I have multiple 529 plans?
Yes, you can have multiple 529 plans for different beneficiaries, such as children or grandchildren. Each plan can have its own contributions and investment options.
What is another term for 529 plan?
Qualified Tuition Programs" and sometimes called "section 529 plans"
Where can I find some tips regarding 529 savings plans?
The 529 college savings plan is an excellent tool for saving for your children's future. Financial guru, Clark Howard, offers numerous tips on 529 plans on his website at www.clarkhoward.com. Look for his guide to 529 plans. The SEC has an excellent resource on the legalities of the 529 savings program. You can find more information at http://www.sec.gov/investor/pubs/intro529.htm.
Invest in Your Child's Future With a 529 Plan?
A 529 savings plan is a special investment that is specifically designed to help you pay for your child's education. It is important to note that there are two types of 529 plans available: Pre-paid Plans- This is a 529 plan run by a specific college, and the money invested in such a plan is intended to be used at that university. College Savings Plans- This is a state run 529 plan. The savings in a state run 529 savings plan can be used at any eligible university in the country.
Are payroll deductions for 529 plans pretax?
Payroll deductions for 529 plans are not typically pretax. Contributions to 529 plans are made with after-tax dollars, meaning that taxes are paid on the income before it is contributed to the plan. However, some employers may offer payroll deductions as a convenience for employees to make regular contributions to their 529 plans. It's important to check with your employer for specific details regarding their payroll deduction options.
Who qualifies for a 529 savings plan?
A 529 savings plans can be used to meet the costs of colleges nationwide. A 529 is purchased by parents to save for future college costs.
What are the eligible institutions for 529 plans?
Eligible institutions for 529 plans include colleges, universities, vocational schools, and other post-secondary educational institutions that are accredited by the Department of Education.
What is another name for section 529 plans?
Qualified Tuition programs
Where can you find reviews on the worst and best 529 college plans?
On the CBS website in the CBS moneywatch section you can find an article about the four best as well as the four worst college plans. It also give you further information about 529 college plans.
