Who has heard of the 529 plan?
Whether you’re the parent of a newborn, or your little one is in elementary or perhaps even making their way through middle school, there is no time like the present to start saving for college.
Many may think that just a regular savings account would be sufficient to start saving for tuition and textbooks. However, there is another investment vehicle that you can use to get rolling. Similarly to how one can stash away funds for retirement in an IRA, those wishing to save and invest funds for college can choose the 529 plan. Read on for more.