This article identifies and explains the best way to save for your Child’s college tuition – the 529 plan. The 529 plan allows for tax free savings and is easy to set up and to use once the money is needed for college expenses. The author gives a list of tips for saving for college as well as links to various plans that can be utilized by the reader. The author takes time to discuss some of the pitfalls associated with failing to plan and prepare and also encourages people to get started on their saving’s plan as soon as possible. The article is a thorough break down of the best way to save, the best way to manage the tax implications of saving for college and things to watch out for if you have put off saving until the last minute. The article is very informative and helpful.
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The Super Bowl of College Savings