HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Education (Group) » Four 529 college savings ...

Fri Aug 21, 2015, 02:49 AM

Four 529 college savings traps to avoid



Putting money into a 529 college savings plan is relatively easy. Getting it out can be tricky.

This may come as a surprise to the families who have piled money into accounts, hoping to reap tax and financial aid benefits.

"People get tripped up and don't realize it until it's too late," said consultant Deborah Fox of Fox College Funding in San Diego.

Assets in the plans topped $224 billion at the end of 2014, according to research firm Strategic Insight, up from about $13 billion in 2001.

Here are four traps that can keep you from getting the most out of your account:

http://www.reuters.com/article/2015/08/17/us-column-weston-529traps-idUSKCN0QM1I120150817

0 replies, 1095 views

Reply to this thread

Back to top Alert abuse

Reply to this thread