Tag Archives: why save for college

Understanding 529 Plans

529 Plan…will undoubtably be my new grand-baby’s first words.

My new two week old granddaughter has a Dad with 529 Plans on his mind. Never mind the frilly dresses, let her Mom take care of those. It’s time to talk college, or more specifically, paying for college. No time like the present to start a savings plan. Good thing we have the awesomely tax advantaged college savings vehicle that is the 529 College Savings Plan available to us right here in the good ol’ USA. And it’s not just one plan but a host of plans across all the states of the Union, and now in multiples to serve every need. Some of these 529 plans are better than others, so parents will have the fun task of finding websites that have already done the heavy lifting. Allow me to recommend one that is ultra-dedicated to the task at hand: http://www.savingforcollege.com . I must meet the guy who started this effort about 10 years ago. I sense a story. Something about the nexus of shitake mushrooms and 529 Plans grabs my attention.