Parents have the opportunity to build funds for their child’s education through savings vehicles like a 529 plan or a custodial account. Both of these options allow adults to store away money that ...

College is expensive. According to the College Board, the average cost for a year of college is $22,958 for out-of-state residents attending a public university, and the tuition jumps to $31,231 for ...

Opening a 529 college savings account can be a smart move if you’d like to save for college on a tax-advantaged basis. One thing to consider when opening a 529 plan is whether it should be a custodial ...

Our families didn't pay for my and my husband's college. We have five kids, from 13 to 4, and we know we can't fully pay for their college. Instead of going with 529 plans, we went with UTMA custodial ...

Since their creation in 1996, 529 college savings plans have become a popular vehicle to help parents save money to help pay for their children’s ever-increasing higher education costs. Assets in 529 ...

Most parents and grandparents I talk to have a desire to provide for the next generation. Many immediately ask about a 529 plan, but there are several other common account types that can be used to ...

While 529 plans offer tax-advantaged growth and withdrawals for qualified education expenses, they also come with restrictions that may not suit every family's needs. There are several alternatives to ...

Shannon Liu Shair and her husband started saving for college for their children when they were born. She puts money into 529 plans and custodial Roth IRAs for both of them. The 529 plans have around ...