Author: Fred Amrein, founder of College Affordability
Release Date: 9/9/15
Q: Is a 529 Plan a good savings vehicle for young children?
A: In general, the answer is “yes” for a younger child, but you must know the family’s situation and objectives. For example, one vehicle to consider is a Roth IRA. Of course, you must qualify, but a Roth can be used for education and you are also saving for retirement down the road. Depending if the child gets some scholarship money, that could be a great decision. But, . . .