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With
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Both
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Assume when your child is born you invest
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If
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The difference,
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There is approximately $100
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5. Not all 529
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Each state has
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Most state plans have websites
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Money saved in a 529 plan
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8. Do not
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You dont
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9.
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As was stated in Point 5
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68 higher figure
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Most college saving calculators found on state websites automatically include information on the
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10. If you save in a 529 plan and later apply for aid, you
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If the childs parents are the
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If you, the parent,
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Thus, one could argue that by diligently saving $100,000, you are ultimately worse off by $2,500. However, if you consider that you are very likely to have earned around $35,000 in tax-free interest over the saving period, you will
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11. There are other ways to save besides 529 plans. To look into other
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Remember to choose an
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12. Grandparents too can help through 529 plans.
Based on a
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Karl Schellscheidt
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