Key Points ・529 plans are no longer just for college degrees. New federal rules allow 529 plan withdrawals for credentialing, licensing exams, and continuing education tied to careers. ・K–12 ...
Forbes contributors publish independent expert analyses and insights. I share strategies for getting ahead financially and building wealth. University student, woman and outdoor for graduation with ...
One common concern is oversaving. You can only use 529 funds can only cover qualified education expenses without incurring a ...
While 529 plans offer tax-advantaged growth and withdrawals for qualified education expenses, they also come with restrictions that may not suit every family's needs. There are several alternatives to ...
There are benefits to saving for retirement in a 529 plan. Because these plans impose penalties for non-educational withdrawals, you may want to limit how much money you put into one. Brokerage and ...
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 ...
The accounts were created as part of the reconciliation bill, One Big Beautiful Bill Act, signed into law by Trump in July. A kind of retirement account for children, Trump Accounts are designed to ...
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 ...