Qualified tuition plans, more commonly known as “529 accounts,” are tax-advantaged savings accounts designed to help families save for future education expenses. These accounts are named after Section 529 of the Internal Revenue Code and are sponsored by states, state agencies, or educational institutions. 529 plans come in two forms: prepaid tuition plans and college savings…
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Beginning at the end of 2019 with the passage of the SECURE Act and then continuing with the CARES Act which was passed in response to COVID-19, there are important provisions that those with 529 plans and/or student loans should be aware of. 529 Plans Tuition Refunds In response to the pandemic and the fact…
DetailsHow can you save for college while also ensuring that you will have adequate resources for retirement and adequate cash flow to fund “life” while your children are growing up?
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