Saving for college – Debunking some common Section 529 plan myths

Description

Abstract: Section 529 plans have become one of the most popular tools to save for children’s college education, largely because of their favorable tax treatment: If the funds are used to pay for qualified education expenses, the earnings accumulate tax-free. But myths about these plans exist. This article debunks five common myths, to help parents use Section 529 plans to full advantage.