Street$marts

When it comes to saving for college, parents and guardians often search for tax-advantaged options that offer flexibility and growth potential. One of the most popular vehicles for this purpose is the 529 College Savings Plan. Introduced in 1996, 529 plans provide families with a tax-efficient way to invest money for education expenses. In this guide, we’ll dive deep into what 529 plans are, how they are taxed, key strategies to consider, how to change beneficiaries, and how withdrawals are taxed. Personally, I’m a fan of 529 plans. I have three New York 529 plans, one for each of my three boys.

One of the questions we get here often is about the differences between bond funds and individual bonds. While both are a great way to add some fixed income exposure to your portfolio, you’ll want to understand six key differences between the two so you can decide which is the right investment tool for you.