A 529 Savings Plan is also known as a “qualified tuition plan,” is a tax-advantaged way to set aside money for tuition and other college expenses, including room, board, equipment, and more. Typically, earnings are not taxed if the money is used to cover college expenses. When you invest in a 529, the money may be invested in equity or fixed-income funds, money market funds, or principal-protected bank products.
With the right strategy, saving for college can become a manageable part of your monthly budget, making it much less daunting. We help you figure it out. We look at your full financial picture, including income, expenses, and existing savings and investments, and work with you to project how much you can invest in a 529 Savings Plan.