You did it! You passed your finals, you graduated from college, and you even landed the coveted job you have been working so hard to get. So now what?
There is a lot you need to know about your finances. So, I’m giving you a pass if you don’t know what a 529 plan is.
Ever since the political backlash the president endured after talking about the possibility of taxing 529 plan earnings, legislation about improving 529 plans that was sitting still has now become a marathon runner towards the congressional finish line.
As the cost of higher education continues to rise, May 29th marks National 529 College Savings Day, a day to raise awareness about the importance of saving for college, specifically through 529 plans.
The Senate Finance Committee approved S. 335, the companion bill to H.R. 529, which was passed with a bipartisan vote by the House of Representatives in February.
This brochure summarizes what 529 plans are doing to target low and moderate income families to help them save for college.