In an article published on Nov. 2, 2016 by U.S. News and World Report, Jamie Canup offers guidance to individuals faced with the high costs of paying for college tuition. The article details how Section 529 plans are easy to understand in principle, but incredibly tricky when it comes to finding the best plan to fit your lifestyle. Essentially, 529 plans allow family and friends to invest money toward a child’s college education and avoid federal taxes on gains, but with hundreds of options, it can be difficult to figure out which plan would serve a particular family best. “There are many good plans with annual fees totaling less than 0.2 to 0.4 percent of the account value,” Canup explains. For the full article, you may click here.
Stephanie A. Hood