Friday, May 31, 2013

College Savings Plan

You probably have heard of a 529 College Savings Plan.  It's pretty much what it says it is: a state sponsored savings plan/investment account for college.  The account is tax-free as long as you use the money for educational purposes.  What I did not know was that you don't necessarily have to be a resident of a state to use its plan, although there might be extra benefits if you are. 

If you're interested in learning about these college savings accounts, visit http://bit.ly/18CcGTw. Perhaps this is one way to help you pay for college.

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