While there are no specific 529 plan contribution limits, most people consider the $19,000 annual gift tax exclusion to be ...

Key Points ・529 plans are no longer just for college degrees. New federal rules allow 529 plan withdrawals for credentialing, ...

A 529 college savings plan can be a powerful savings tool for future education expenses, as investments in the plan increase tax-free. While state tax benefits should be the first consideration for ...

529 plans, growing in value from $105B in 2008 to $509B in 2024, demonstrate rising popularity. The average 529 plan covers roughly 9% of college costs, with contributions varying by income.

Monday the S&P 500 closed down 8.62% from its Feb 19 th high. For many parents, it’s a reminder that 529 savings plans are investment vehicles. If your 529 plan is the cornerstone of your education ...

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 ...

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 average cost of tuition and fees at four-year private colleges and universities has grown from $34,970 for the 1994-1995 school year to $58,600 for 2024-2025, according to CollegeBoard. Explore ...

A 529 plan can be a valuable tool in estate planning, particularly for families who want to minimize taxes while saving for education. Contributing to a 529 plan can allow you to remove funds from ...

Meagan is a former Series 7 financial advisor and current writer focused on blending straightforward information with a dose of humor on topics including equity investments, insurance products, and ...

Learn about the contribution and account balance limits on 529 plans and the difference in contribution limits among states.