Expert Q&A about:
College Savings and 529 Plans
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Does it work to have more than one owner, or joint accounts with a 529 plan? Please let me know, thank you
Asked 12 months agoIf we set up a 529 plan, I am trying to better understand what my son will be able to use the funds for, in terms of his college expenses.
Asked 12 months agoI live in a state without income tax and I don’t believe there is any tax benefit from investing in our state’s college savings plan, so I can pick and choose a plan from any state. However, there are so many different options! What is the best plan? How should I evaluate all the different options?
Asked about 1 year agoHow do I set them up and contribute? Are 529s like another brokerage account, but taxed differently? How is the money invested?
Asked 12 months agoI have been looking online, but I am wondering what a new parent should buget for to better plan for having a child. Thanks from a new mom!
Asked about 1 year agoWhat is the best way to start investing money for my children? Is there a certain type of account I should set up and what kind of investments should I make? Any suggestions on how to get started?
Asked about 1 year agoAre the maximum contribution limits all the same, regardless of plans or the state I live in? From what I know, I am concerned about college costs increasing and I am not sure if the 529 plan will adequately cover our childrens expenses. Are there other ways to get over the maximium, if the limit is not sufficient?
Asked 12 months agoI am considering our alternatives to start saving for our son and it looks like the only option is to use a 529 plan, is that correct? Is this the best way to start saving for college and what are the disadvantages? Thank you
Asked 12 months agoI would like to contribute to my granddaughter’s 529 college saving plan, but I am not sure if I can? Is it possible and how do I do it?
Asked 12 months agoMy children are still young, but I would like to start putting money aside for their education. What alternatives are available for college savings? Are they tax free? Do they typically have a lot of restrictions for how the money can be used?
Asked about 1 year agoIf I need to take money out of the 529 plan before I am in college, what are the rules or penalties?
Asked 12 months agoHow much of my college expenses, such as books, living expenses, or even classes can I deduct?
Asked about 1 year ago




