Save more for college through the tax advantages of a 529 savings plan

Save more for college through the tax advantages of a 529 savings planWith kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial if the children in question still have many years until they’ll be starting their higher education, is a Section 529 plan.

Want to save for education? Make 2016 ESA contributions by December 31

12_20_16_515705750_ITB_560x292.jpgThere are many ways to save for a child’s or grandchild’s education. But one has annual contribution limits, and if you don’t make a 2016 contribution by December 31, the opportunity will be lost forever. We’re talking about Coverdell Education Savings Accounts (ESAs).