Everything You Need to Know About the 529B Savings Plan: A Smart Way to Fund Education
What is a 529B Savings Plan and How Does It Work? As education costs continue to rise, many parents and guardians are turning to tax-advantaged savings options like the 529B Savings Plan to secure their child’s educational future. Named after Section 529 of the Internal Revenue Code, this savings plan is specifically designed to help […]
What is an ESA (Education Savings Account) and How Does It Work?
What is an ESA (Education Savings Account) and How Does It Work? When it comes to planning for your child’s education, the rising costs of tuition and school-related expenses can feel overwhelming. That’s where an Education Savings Account (ESA)—sometimes referred to as a Coverdell ESA—comes in. This tax-advantaged savings account offers a smart way to […]
529 Plan vs. Education Savings Account: Which One is Right for Your Family?
529 Plan vs. Education Savings Account: Which One is Right for Your Family? As education costs continue to soar, saving for your child’s future is more critical than ever. Two popular options to help parents achieve this goal are the 529 Plan and the Education Savings Account (ESA). While both accounts aim to make education […]