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Putting your savings into a 529 college plan
Medical Economics, 08/21/08

Cleveland B - Part of being successful financially in a difficult market environment is focusing on things that you do have control over your income, your expenses, and your savings. For your savings, successful investors are the ones who have the discipline to continue investing on a monthly basis, even when things seem to be at their worst. One of the best vehicles for these savings is 529 college savings plans. The main benefit of 529 plans is that the government subsidizes some of the cost by giving you tax benefits. Your investments grow tax-deferred, and distributions to pay for the beneficiary's "qualified" college costs are federally tax-free.

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