529 Plans Are a Great Way to Save for College
Jilian Mincer wrote this September in the Wall Street Journal about improvements to 529 plans. 529 plans were first introduced in the 1990s, but after a 2001 tax law made withdrawal from these plans tax free when the funds are used to pay for higher education, 529s became very attractive to parents and grandparents of college-bound children.
This article provides information about lower investment fees and gives an-easy–to-read chart provided by Morningstar of the best and the worst plans provided by various states.
If you need more information about what a 529 plan involves and how it can be used for planning college financing, see Collegebasics.com’s College Investing with 529s Can Be Easy.