Tag: 529 plans
Aug 3, 2026
The “Trump account” savings vehicles that were created as part of last year’s “Big Beautiful Bill” are now available. If you have children younger than 18, should you open one of these 530A accounts for them? If you had or plan to have a baby born between the...
Jul 21, 2025
The new “Trump Account” provision in the “One Big Beautiful Bill” is being promoted as a game-changing way to help American families. Every new US citizen born between January 1, 2025, and December 31, 2028, gets a $1,000 deposit from the government. Parents and...
Apr 29, 2024
When each of my children was born, I had their application for a 529 college fund filled out, mailed, and funded with the first $100 before they were released from the hospital. I dutifully funded those accounts monthly for years, until they accumulated enough to fund...
Apr 9, 2018
How to Help Grandkids Pay for CollegeWatch this video on YouTube One financial goal held by many of my clients is to help pay for their grandkids’ education. This generosity can foster gratitude and family closeness. Unfortunately, it can also foster resentment...
Apr 5, 2017
No. 20 of 106 Things We Do For Clients Review your children’s custodial accounts and 529 education savings plans. Saving for the education of your children or grandchildren can be more complicated than simply opening an account with your state’s 529 plan. Not...
