It’s never too early to start funding a 529 college savings plan for your kids, according to one expert, a financial strategy that comes with a host of benefits. “As soon as you get that Social Security number, let’s start putting a little money in there. Get $100 in there a month, $50 a month […]
One of the rules governing 529 savings plans, which parents often set up to fund a child’s college education, is that the money must be used for qualified education expenses. Otherwise, the earnings portion of any withdrawals will be subject to taxes and a 10% penalty. Happily, there are a number of ways to avoid […]