Today marks National 529 Day – a timely reminder of the power of planning ahead for education. At Vantage Wealth, we believe that investing in knowledge is one of the greatest gifts you can give the next generation. A 529 plan is a tax-advantaged savings vehicle designed specifically to help families prepare for the rising cost of education, and it plays a key role in many of our client’s wealth-planning strategies.
Contributions to 529 plans grow tax-free, and withdrawals are also tax-free when used for qualified education expenses – including tuition, books, and room and board. These plans are not just for college anymore – they can now be used for K-12 tuition and even student loan repayment, offering more flexibility than ever.
For parents, grandparents, and other loved ones, a 529 plan offers a meaningful way to contribute to a child’s future while maintaining control over the funds. And from a planning perspective, 529s can be a smart tool for estate and gift tax management.
On National 529 Day, we encourage you to take a moment to explore how a 529 plan could fit into your broader financial goals. Whether you’re just getting started or looking to optimize your existing strategy, the team at Vantage Wealth is here to help guide the way.
Let’s invest in their future—today.
Contact us to learn more about how a 529 plan can complement your long-term financial plan.
