College-Bound Family? Look to 529 Plans for Mutual Tax Benefits and Flexibility

College-Bound Family? Look to 529 Plans for Mutual Tax Benefits and Flexibility

Benjamin Franklin once said, “An investment in knowledge always pays the best interest.” Admirable in theory, but with college costs on the rise and student loan debt reaching unprecedented levels, many parents and grandparents are grappling with when and how to start investing in a child’s education. Fortunately, there’s a savings vehicle to help families realize the full value of this vital investment: 529 plans.