August 2019: Advanced Planning with 529 Plans

With the month of August, we get the year’s hottest temperatures, hurricane warnings, and the start of a new school year. This month’s newsletter will focus on the latter, specifically, the intricacies concerning educational savings for K-12 and secondary education. We have previously addressed the basics of 529 plans, which can be read here. This month’s newsletter will provide a more in-depth look at 529 plan features. Let’s briefly review some 529 plan basics. For starters, 529 plans are funded with after tax dollars and as long as the funds stay in the account, any investment gains or income achieved, will not be taxed. When the funds are removed from the 529 plan, so long as the funds

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