Investor’s Business Daily Discusses 529 Plans
Investor’s Business Daily, the international finance magazine, published an article yesterday about the benefits of 529 plans. The article discusses the tax benefits, in particular not having to pay federal (and sometimes state) taxes on your investment earnings.
As 529 plans grow in popularity you’ll see more and more of these mainstream articles covering 529 plans. And 529s are becoming more popular everyday. The article points out that there is now $112B in assets under management in 529 plans.
When it comes to tax benefits, you need to consider if your state offers benefits to you before looking at other states’ plans. Take a look at your state to see what it offers.