05/29/2026
With May 29th on the calendar, it’s a fitting time to talk about 529 plans.
A 529 plan is a tax‑advantaged way to save for education expenses, allowing investments to grow tax‑free and be withdrawn tax‑free when used for qualified education costs. These plans are commonly used for college savings, but they can also help cover certain K‑12 tuition and other eligible expenses.
Understanding contribution rules, tax benefits, and withdrawal guidelines can help families make more informed decisions as they plan for future education costs. A little clarity today can support greater confidence down the road.