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Know When to Shift Age-Based College Savings

Jan 15

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Wednesday, January 15, 2014  RssIcon

US News: Education > Colleges

If a child decides to take a gap year, it may be time to change the investment strategy in a 529 plan.

January 15, 2014
Virginia grandparent Ben Hamilton had a straightforward investment plan for the tax-advantaged college savings accounts he set up for his four grandchildren.

His strategy for these accounts, known as 529 plans, was always to invest in more stock-based investments when the children were younger and then switch to more stable investments as they got older.

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