Obama’s Invest $240,000 in 529 Plan
The Wall Street Journal is reporting that the Obama family invested $240,000 into their kids 529 plans. They took advantage of the ability to max out 5 years worth of contributions without gift tax penalties. The money was invested in Illinois’ Bright Directions College Savings Program
[...] to the private college loan industry. So I was happy to see earlier this month that the Obamas had heavily invested in their daughters’ 529 college savings accounts. They took advantage of a law that allows parents to make five years of contributions at once [...]
yeah obamas,sock the money away now, before YOUR OWN tax programs coming in 2010 whack everyone making over $250,000 a year, which NOW includes you, Mr Prez.