529 plans

Grandparents saving for child's college expenses

New College Saving Opportunity: Converting 529 Plans to Roth IRAs

Saving for your children’s college education became much easier when 529 plans were introduced. The ability to access funds in a 529 plan without paying federal taxes, as long as the funds were used to cover qualified education expenses, make them appealing to parents of college-bound children. However, some found it difficult to determine how …

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Which College Savings Avenue is Best? 529s vs. Roth IRAs

While a 529 plan is considered the ideal college savings tool, there are other vehicles can help parents save for college expenses, too, including the Roth IRA. Which one (or both) makes the most sense for you and your family depends on several factors, including how much you intend to contribute and how you’ll use …

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