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This 'wealth transfer' to the grandkids makes things a little complicated. My wife and I saved up $73,000 in 529 college savings plans for our kids — then their grandma generously paid for ...
Reasons to Change Your 529 Plan Beneficiary. A 529 plan, named after Section 529 of the Internal Revenue Code, is a tax-advantaged savings plan designed to encourage saving for future education costs.
Grandparents looking to support their grandchildren's future education can invest money into a 529 plan. This savings account gives users an easy route to start planning how they will fund their...
A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax benefits. These accounts are so powerful, in fact, that many grandparents choose to open them for their ...
Grandparents often want to contribute to their grandchildren's futures in the form of money toward college savings, such as contributing to a 529 plan (an education investment account allows for...
There are three major restrictions on 529 plans outlined in Prudential’s Winning the College Savings Race:. You can only change plan investments twice per year. Although you can transfer between ...
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