What are the advantages in investing in a 529 college plan at the age of 35? - kiplinger college ratings
I read an article from Kiplinger's Personal Finance (2 / 2008) and said that at the age of 35 years, we are in a 529 college savings plan needs to invest. What is the advantage of doing this? Without specifying whether it was for me or for the kids, so I'm just curious what you think.
Friday, January 15, 2010
Kiplinger College Ratings What Are The Advantages In Investing In A 529 College Plan At The Age Of 35?
2 comments:
This could be for you or the children. The money grows free from federal tax. Some states offer tax-free status of investments. It is an investment of taxpayers' money to the post. You family can the account be transferred to members that you need and limit the income limits and significantly higher degree. Are charged to the authority for financial assistance recipients. Of course, we assume that the recipient will be seeking higher education.
It is pointless to invest in a 529 plan if the beneficiary intends to attend university. In general, this means that the recipient is her son, but there are other situations which may be useful. If you do not intend to take to qualify from the 529 in the general charges that you owe taxes and fines, and thus deprive the value of deferred taxation.
So I conclude that the Kiplinger article for parents of minor children, even if it is strange to emphasize that the age of the parents, but as children.
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