An investment in knowledge pays the best interest.
by Bob Crawford
Grandpa Bob and baby Joseph
On September 4, 2018, my wife Renee and I, were blessed with our second grandchild, handsome baby Joseph. Although he was 4 weeks early, he was a big 6 pounds 8 ounces and 20 inches in length with a full head of hair and a small cute little dimple appeared whenever he smiles.
Of course we wanted to begin contributing to his educational opportunities via a 529 saving plan as soon as possible, just like we did with his cousin Nicholas. We know that since 2001, the 529 contributions can be deposited into plan account and that the accumulation of assets would have the possibility to grow income tax free, as long the account funds are used for the benefit of the beneficiaries qualified higher education expenses.