March 25, 2019

10 things Clients need to know about Funding a Section 529 plan in 2019

IRS Section 529 plans are a valuable way to save funds for a child’s college or other education expenses. Do you know that 529 plans can be used for elementary, secondary and even homeschooling?

Many do not fully understand the benefits and rules that apply to 529 accounts. Navigating this section of the financial form milieu can be difficult and confusing for many. Below is a helpful article outlining some facts about 529 plans for 2019. Knowing the proper financial terminology and understanding how your money could be affected is an important step on your journey to financial wellness. We here at Blue Ocean have staff on hand that can help in assisting with setting up and/or administering what can sometimes be complex issues with 529 plans. Our team of experts has years of experience to help you reach your financial goals and get you on the right path.

Top 10 Tax Facts for 529 Savings Plans in 2019