We’ve written about education savings accounts (known as 529 plans) in the past (you can read initial post here). I was working with clients on 529 plan funding approach this week and they asked what happens if the accounts are overfunded. While this doesn’t seem to happen all that often, it certainly is a possibility, […]

I’ve talked with a few clients in recent weeks about various aspects of 529 plans. These can serve as powerful savings vehicles for an important expense, so I thought a refresher may be helpfu. What is a 529 plan? A 529 plan is a state-sponsored program that allows parents, relatives and friends to invest in […]