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529 & Education Savings Plans For Dummies

Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
529 & Education Savings Plans For Dummies by Margaret A. Munro is a guide that helps readers understand how to effectively use 529 plans and other education savings options. The book provides insights into tax advantages, plan types, and strategies to maximise your savings for education expenses, making it an essential resource for those planning for future educational financial needs.
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Format: Paperback / softback
$5699
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book may appeal to you if you're looking to maximise your savings for education, offering insights into tax-advantaged options that can make a significant impact. It provides easy-to-understand strategies and is perfect for anyone interested in making informed decisions about financing their or their children's educational future.

Book Hero thinking about your next read

"529 & Education Savings Plans For Dummies is your easy-to-follow and up-to-date guide to 529s, Coverdell accounts, and other savings and investment vehicles. Understand the costs associated with education, both right now and in the future, and then find ways to pay for those costs"--

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Don’t let money get in the way of your kids’ best education

529 & Education Savings Plans For Dummies helps you sort through the vast amount of information about education savings accounts and choose the plans that are best for you and your family. A college or private K-12 education is generally parents’ single largest expense for their children. 529 plans and 530 plans (Coverdell accounts) are relatively solid investment vehicles that can make saving for college much easier, providing tax advantages that other types of investments can’t match.

Education savings can be part of your overall wealth accumulation strategy, and this book can show you which plans are right for you, help you decide when to start saving, and guide you through determining how much to save per year in order to meet your goals—and help your kids meet theirs.

  • Learn about the different types of tax-sheltered and tax-advantaged ways to save for education
  • Create a saving and investment strategy that makes sense for your family
  • Demystify the 529 and 530 plan rules and maximise your tax advantage
  • Help set your kids on the path to success and to their college of choice

This is the perfect Dummies guide for parents or family members who want to begin saving for a college or K-12 education and who may want to supplement their current savings with tax-sheltered, education-specific accounts, or tax-advantaged investment accounts that may be used for education funding.

Book Details

INFORMATION

ISBN: 9781394160334

Publisher: John Wiley & Sons Inc

Format: Paperback / softback

Date Published: 17 April 2023

Country: United States

Imprint: For Dummies

Edition: 2nd edition

Audience: General / adult

DIMENSIONS

Spine width: 28.0mm

Width: 188.0mm

Height: 231.0mm

Weight: 567g

Pages: 416

About the Author

Margaret Munro is an enrolled agent and tax professional with decades of experience handling her clients’ sensitive tax cases. She is also a personal finance counselor, as well as the co-author of Taxes For Dummies.

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