Summary
Although funding a child's way through college will never be easy, some help is available through 529 College Savings Plans (also called qualified tuition programs). These plans were created under section 529 of the Internal Revenue Code to help U.S. citizens and permanent residents meet higher education expenses and offer considerable financial benefits, such as:
Although Section 529 Plans make saving for college considerable easier, they may not be for everyone. If your child is very young and you're comfortable making your own investment decisions, you might prefer to invest these funds yourself. But whatever route you take, be sure to begin early. To learn more about how you can better invest for your child's education, please contact Ken Whyte, Financial Advisor at Morgan Stanley in the Fort Lauderdale Complex (954) 267-5646 of kenrick.whyte@morganstanley.com.### Some states provide state income tax advantages such as tax-free withdrawals and deductions for contributions to residents or other taxpayers who enroll in a 529 plan sponsored by that state. State tax advantages are generally not available to state residents who enroll in another state's 529 plan.See the full content of this document
Extract
News About Schools; Save for College with a 529 Plan
It's never been more important for the children in your life to receive a college education. Studies show that over a lifetime, the earning gap between a person with a high school education and one who has a college degree may exceed $1 million.#
According to The C...See the full content of this document
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