Good Times
Posted by admin on August 28, 2008 in Finance
Are you a grandparent who wants to see their children’s children taken care of?? If so, there are benefits for you and your grandchildren in opening 529 accounts. For starters, 529s are a great bonus to add to financial aid; these accounts do not affect the grandchild’s financial aid status at all. Not only that – but he or she won’t have to be concerned about how these college savings accounts will alter income tax returns…because they won’t be affected. This is thanks to the tax-deferred status of 529s. Investing in a 529 accounts will be a better option that giving taxable gifts to the grandchild.
