529s :: Saving for College with 529 Plans Blog » Illinois Bright Directions http://blog.529s.com 529 College Savings Plans News Fri, 09 Dec 2011 18:02:19 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Obama’s Invest $240,000 in 529 Plan http://blog.529s.com/obamas-invest-240000-in-529-plan/2009/04/18 http://blog.529s.com/obamas-invest-240000-in-529-plan/2009/04/18#comments Sat, 18 Apr 2009 15:01:33 +0000 Andrew http://blog.529s.com/?p=37 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

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