The Advantage
Saturday, February 9th, 2008
529 college investmentplans offer many advantages for the investor. For instance, the investor is in full control of all funds, rather than the beneficiary. Should the recipient of the 529 college investment decide not to pursue further education, the plan can be rolled over to another family member, or can be refunded to the donor (minus some taxes and penalties). These plans are also a way for parents to start planning their child’s future education much sooner than they perhaps would otherwise.