Description
Few things can keep a parent awake at night like the seemingly daunting task of saving for a child's education. Thankfully, the government has created the single greatest savings opportunity in many years-the 529 College Savings Plan.
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"Clearly, this is the definitive guide to 529 plans. It is a must read for anyone who needs a detailed understanding of the most important financial vehicle since the advent of the 401(k)."-William L. Koleszar, Chief Strategy Officer, BabyMint, Inc."A user-friendly guide to this new and powerful financial instrument...an important addition to college admissions literature."-Edward B. Fiske, author of The Fiske Guide to CollegesWhether you want to save for your children, grandchildren, spouse, friend or yourself, The 529 College Savings Plan is the way to go. This book guides you through the savings process, cuts through the legal and financial language and gets you focused on college savings. Learn how the 529 Plan differs from other savings programs and how it will work for you. The 529 College Savings Plan shows in a step-by-step format how to use this new government benefit. The book: --Demonstrates how everyone can save for college-tax free ---Compares the 529 Plan to other savings plans such as Coverdell, Crummey and Prepaid Tuition Credit alternatives ---Answers "Frequently Asked Questions" about the 529 Plan ---Specifies the kinds of institutions that are eligible for the 529 Plan ---Explains such details as qualified higher education expenses --Clarifies beneficiary issues ---Identifies Plan Managers --Explains the 529 Plan requirements for all participating states
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