In previous newsletters, we have discussed both so-called “529 accounts”, which are a type of tax-efficient education savings accounts and ABLE accounts, which are a relatively new type of account that can be established to provide additional resources for persons receiving Supplemental Security Income (SSI) benefits. While each account is for a different purpose, they do share some similar features. Due to a recent law change, it is now possible to make limited transfers from existing 529 … [Read more...] about Interaction between Education Savings (“529”) Accounts and ABLE Accounts
Have you considered investing in a college savings plan, such as what is commonly called a "529 plan"? If you’re like most people, you want to help contribute to your child’s education by saving for his or her many college expenses. It can be stressful committing to the best savings plan so that you’re able to reach your goals. With the right plan, you can benefit greatly while investing in your child’s future. Take a look at the information below to learn the benefits of a college savings … [Read more...] about Considering a “529” College Savings Plan?