Paying for college is one of the largest financial obligations for most parents. To make things more difficult, the cost of attending many public and private colleges has consistently increased at a rate above inflation for the past 30 years.1 Fortunately, there are tax-efficient ways to save for college expenses.

One of the most common methods is using a Section 529 college savings plan. These special accounts are easy to establish and offer important tax benefits. 529 accounts are similar to brokerage and retirements accounts in that they may be invested into diversified mutual funds. The money in a 529 college savings plan may be used to pay for the college expenses and certain K-12 tuition of the beneficiary, tax-free. On the following pages are a few common questions related to using a 529 college savings plan.

Read More >
Sign Up For the Round Table Newsletter