While the focus of One Big Beautiful Bill Act has been around income taxes, the far-reaching legislation also includes changes to areas like 529 plans.
A 529 plan is a tax-advantaged savings account intended for college education expenses. These plans charge fees, which vary by state and whether the plan is advisor-sold or direct-sold. Common fees ...
Planning for your child’s education can feel overwhelming, but a 529 education savings plan offers a powerful way to build a financial foundation for their educational future. One in 4 parents ...
Morningstar Inc. this fall for the first time will publish ratings for all of the college savings plans in the 529 market. Up ’til now, Morningstar has released an annual list of the best and worst ...
It’s no secret that getting a college degree comes with a hefty price tag. According to a report from Education Data Initiative, the average annual cost of tuition in the United States in 2024 is ...
A 529 plan is a convenient, versatile and tax-advantaged way to save and invest for a child’s or grandchild’s education.
529 plans aren't just for college anymore. In this podcast, Motley Fool personal finance expert Robert Brokamp speaks with Martha Kortiak Mert of Savingforcollege.com about the newly expanded uses of ...
Since their launch more than 20 years ago, 529 education savings plans have helped students and their families better access higher education through tax-advantaged investing. Moreover, 529 plans have ...
Only two received a gold rating among the 54 tax-advantaged education saving plans assessed. Morningstar Inc. announced its 529 medalist ratings on Thursday, with only Utah’s my529 Plan and ...
While most people associate 529 money with college tuition, the plans can cover much more. "Educational supplies, like ...
The SECURE 2.0 Act, passed in 2022, made a major change to 529 plans. It gives families an alternative to paying a 10% penalty for non-educational withdrawals. There are conditions you need to be ...