529 savings plans have been rapidly growing in popularity. So, if you're looking to save for your child or grandchild’s future college expenses, you’ve likely considered opening one of these ...

You're not limited to your own state's plan. You can shop around for a 529 that offers the lowest fees and the best investment choices, allowing you to squeeze as much as possible out of your dollars.

But, what should everyone be doing to plan ahead for college? While individual circumstances can impact the best course of action for individuals, 529 college savings plans are still the best way ...

Morningstar rates 529 plans to help you choose the best option, whether you’re evaluating plans across states or within one state. We award plans with Morningstar Medalist Ratings of Bronze ...

Profit and prosper with the best of expert advice - straight to your e-mail. Section 529 plans, named after Section 529 of the Internal Revenue Code, are tax-advantaged accounts that can be used ...

While the federal government places no caps on contributions to a 529 plan, it can deter contributions by imposing taxes and a penalty. In 2024, if your contribution as an individual exceeds $18,000 ...

(There is no federal tax deduction for 529 contributions.) If your state doesn’t offer any tax benefits, shop around to find the best plan for you — NerdWallet has a list of all state 529 plans.

Students can use 529 College Savings Plans to pay their tuition for qualified higher education expenses. Qualified education expenses include tuition and fees, room and board, book supplies, and ...

Luckily, most 529 plans allow families to participate from out of state. This means it may be a smart move to shop around and find the best fit before committing to a plan. Funds in these ...

Before opening a 529 plan for a grandchild ... but they first need to consider the best savings method for their situation. One factor in deciding on a saving strategy is whether the grandchild ...