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by Kathryn Flynn, Savingforcollege.com  |  Date Published: 3/11/15

Tax season is well under way, and many of us have been spending the past few weeks getting our financial records in order. When you dig out last year’s filing, you’re relieved to see that almost everything looks the same this year. Except what about that 529 plan you opened for your son in January? Do your college savings need to be reported to the IRS?

With college costs rising to astronomical levels, many parents worry that they won’t be able to sufficiently fund their child’s 529 plan in time to pay the first tuition bill. One strategy that has been gaining popularity is enlisting the help of friends and family.

Many families agree that 529 college savings plans are one of the best and easiest ways to save for college. However, just like any investment, the underlying portfolio of a 529 account may be exposed to stock and bond market risks, which can be a cause for concern. After all, you want to rest easy knowing the money you put into your child or grandchild’s college fund will remain secure. So how can you protect your principal college savings investment but still take advantage of lucrative tax benefits?

New and Ease-of-Use Feature Allows Account Owners to Post Banners to their Facebook Timeline.
Princeton, NJ (PRWEB) September 04, 2014

Posted: 2014-08-12
by Kathryn Flynn

*529 programs managed by College Savings Bank are available in all 50 States.

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