529 Plans Can Help Send Grandchildren to College

Summary


Q. I am a grandparent looking for information on the dos and don'ts of 529 plans. My understanding is that they are a very good way to set money aside for my grandchildren's education. How can I make sure the plan keeps growing? Are there ways to include other contributors to the plan? How often should I be contributing? Any other tips?

Good questions. A 529 plan can be a very good way for a grandparent to help with saving for educational expenses.

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529 Plans Can Help Send Grandchildren to College

One of the nice features about the 529 plans is that the funds are still under the control of the person setting up the plan and, if it is a grandparent, the funds are considered to be only a ...

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