The 529 College Savings Plan: The Smart Way to Fund Higher Education

By Richard A. Feigenbaum and David J. Morton

Book Overview

Similar to the creation of the 401(k), designed to assist families saving for retirement, Congress has responded to the need of families saving for college expenses by instituting a tax-favored savings vehicle. Created in 1996 and named the 529 Plan, these state-backed plans allow for the saving of funds for secondary education on a tax deferred basis, with eventual withdrawals for educational expenses, tax free. Much like the opportunity afforded by the 401(k) plan, employees will be in a position to payroll deduct funds to be directed to the 529 Plan provider of choice.The book includes thorough, easy-to-understand explanations of the benefits of the 529 Plan. A section of frequently asked questions will help the reader determine how best to take advantage of this tax shelter. A listing of available periodical resources, website addresses and a thorough index makes this title the most important personal finance book available for any parent, grandparent or employee to have and use.

• Format: Paperback
• Language: English
• ISBN: 1572482389
• ISBN13: 9781572482388
• Release Date: January 2002
• Publisher: Sphinx Pub
• Length: 208 Pages
• Weight: 1.05 lbs.
• Dimensions: 8.8" x 0.5" x 6.8"

Customer Reviews

Good Book

If you are serious about a college savings plan, this is a good book to buy. It explains all the aspects to you in a simple straight forward way. Would definately recommend.