Why a 529 Plan May Not Be the Best Option to Save for College

A 529 plan is a higher education savings plan, which derives its name from the section 529 of the Internal Revenue Code. As college education and tuition fees grow costlier year on year, many parents invest in these plans to assure their children of good education. However, there are some downsides to these plans, which need to be considered before you make an investment. [Read more…]