How Can You Help with Their College Expenses?
If you have children or grandchildren who have not yet completed their college education, you may be wondering how to help them achieve that goal. Two popular choices are the 529 College Education Plan and an Education Trust. A 529 Plan is a tax friendly account because, while contributions to the account are not federally tax deductible, the growth of the account is tax deferred. If the account is used for qualifying educational expenses, that growth passes tax free and can