Tuesday, December 09, 2008
More Families Move to Lock In Tuition Rates
As the stock market swoons and tuition costs soar, more families are deciding to pay for college in advance through their 529 plans.
For years, families have preferred the savings type of 529 plan -- named for the relevant section of the tax code -- salting away after-tax dollars, investing them in mutual funds and other investments, and then taking the money out, tax-free, when the time comes to pay for school. But as many of these accounts have been savaged by the market's plunge this year, families are now turning to the prepaid variety of 529...
Yahoo! Finance: More Families Move to Lock In Tuition Rates
For years, families have preferred the savings type of 529 plan -- named for the relevant section of the tax code -- salting away after-tax dollars, investing them in mutual funds and other investments, and then taking the money out, tax-free, when the time comes to pay for school. But as many of these accounts have been savaged by the market's plunge this year, families are now turning to the prepaid variety of 529...
Yahoo! Finance: More Families Move to Lock In Tuition Rates
Permalink posted by markw @ 1:11 PM 
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