College-Savings Plans Don’t Need to Blow Up: Jane Bryant Quinn
Source: bloomberg.com Posted By: Christy H...5421 days ago
If you are saving for college in a 529 plan, you probably took a bigger hit than you expected during the 2008 market crash.
What should you do now? Keep the plan or dump it?
My opinion: Stay in the 529 world but in a smarter way. These plans, run by the states, can be a great, tax-saving way to put aside money for college. You invest with after-tax dollars but the earnings are tax-free if they are used to pay for higher education.
Thirty-four states and the District of Columbia encourage....