529 Savings Plan

Filed Under » , ,
Dictionary Says

Definition of '529 Savings Plan'

A tax-advantaged method of saving for future college expenses that is authorized by Section 529 of the Internal Revenue Code. The plan allows an account holder to establish a college savings account for a beneficiary and use the money to pay for tuition, room and board, mandatory fees and required books and computers. The money contributed to the account can be invested in stock or bond mutual funds or in money market funds, and the earnings are not subject to federal tax (or state tax, in most cases) as long as the money is used only for qualified college expenses. The plans are open to both adults and children.
Investopedia Says

Investopedia explains '529 Savings Plan'

States have their own 529 savings plans with unique features. An individual can open a 529 plan in any state, and the plan does not have to be in the account holder's or beneficiary's state of residence.

Search results for

'529 Savings Plan'

  • A 529 Plan Fit For An Ivy League Education

    http://www.investopedia.com/articles/pf/09/independent-529-college-savings-plan.asp
    ... While tuition isn't an asset class that you can buy in a regular 529 savings plan,
    you can avoid the effects of compounding tuition inflation by investing in a ...

  • Choosing The Right 529 Education Savings Plan

    http://www.investopedia.com/articles/retirement/04/072104.asp
    Choosing The Right 529 Education Savings Plan. July 06 2010 | Filed Under ยป
    Savings, Students. Since its creation under the Small ...

  • Stop Procrastinating! Enroll In A College Savings Plan

    http://www.investopedia.com/articles/pf/10/enroll-in-college-savings-plan.asp
    ... If a family decides that a 529 savings plan or prepaid tuition plan is right for
    them, it is important to stop procrastinating and get the ball rolling. ...

  • How And When To Switch Your 529 Plan

    http://www.investopedia.com/articles/pf/09/529-college-plan-switch.asp
    ... One investment vehicle designed to help out is the 529 college savings plan, a savings
    tool used to invest savings for a child's college education. ...

  • Series 6 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/finra-series-6/retirement-college-savings-plans/coverdell-education-savings-plan.asp
    ... Roth IRAs; 8.10 IRA Rules and Regulations; 8.11 Coverdell Education Savings
    Plan; 8.12 Section 529 College Savings Plans; 8.13 Review ...

  • Series 6 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/finra-series-6/retirement-college-savings-plans/section-529-college-savings-plans.asp
    ... Roth IRAs; 8.10 IRA Rules and Regulations; 8.11 Coverdell Education Savings
    Plan; 8.12 Section 529 College Savings Plans; 8.13 Review ...

  • Can I contribute to both a 529 plan and a Coverdell education ...

    http://www.investopedia.com/ask/answers/03/111103.asp
    ... Feedback Feedback. Can I contribute to both a 529 plan and a Coverdell
    education savings account? You can contribute to both, and ...

  • 529 Plans: Introduction | Investopedia

    http://www.investopedia.com/university/retirementplans/529plan/
    ... institution. Like the education savings account (ESA), the 529 plan is
    an excellent way to save for education expenses. Earnings ...

  • 529 Plans: Types Of Plans | Investopedia

    http://www.investopedia.com/university/retirementplans/529plan/529plan1.asp
    ... College savings plans allow contributions to be made to the account on behalf ... The
    designated beneficiaryunder a 529 plan is the student the plan is established ...

  • College Savings Accounts: US Vs. Canada

    http://www.investopedia.com/articles/younginvestors/09/college-savings-us-canada.asp
    ... (Maximize your savings by reading How And When To Switch Your 529 Plan.) Unlike
    prepaid plans, which guarantee enough money to cover future tuition ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.59%
$30K Home Equity Loan 5.74% 5.75%
$50K Home Equity Loan 5.45% 5.46%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.41%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.82% 3.73%
15 Year Fixed 3.11% 3.03%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.39%
5/1 ARM 2.67% 2.68%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.35%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links