— -- Q: Aren't 529 college savings plans terrible for people investing for college, since they can go down when the stock market falls? A: Hopefully this statement isn't going to surprise anyone: ...
529 funds must be converted by paying the amount directly to a Roth IRA — you can’t pay yourself and then deposit the money into the Roth IRA later. You can contribute to a Roth IRA only if you have ...
The 529 plan has long been a staple for college savings. These tax-advantaged accounts allow funds to grow tax-deferred, with tax-free withdrawals permitted for qualified education expenses. And now, ...
President Donald Trump's mega tax bill will expand the uses for 529 education savings plans, but enough limitations remain to potentially give some investors pause, some experts say. State-run, ...
Saving for college is a state of mind. That’s the (simplified) takeaway from new research on 529 college savings plans. Researchers at the University of Chicago found what they described as a ...
It's no secret that raising kids is a major financial commitment. Among the more common financial concerns parents have is the ability to help fund a child's education. The cost of higher education ...
State 529 accounts let you invest money for educational purposes and the balance grows tax-free. Withdrawals are tax-free as well as long as they're used to pay for pre-school, high school or college.