Category Archives: Financial Planning Resources

College Savings (529) Plans

College Savings (529) Plans 📚 🎓 - Start Investing Early!

The biggest benefit of using a College Savings 529 Plan is the tax-free growth which is why it is so important to start investing early. The combination of compounding and tax-free growth has your money 💲 working really hard for you. As long as you spend the money on qualified education expenses the withdrawals are not taxed. Below you can find the link that leads to the IRS' Q&A page for 529 Plans to get some more of your questions answered. If you have an additional questions just message me or comment below.

https://www.irs.gov/newsroom/529-plans-questions-and-answers