529 Plan and College Savings

Archive for June, 2008

Question: What is a Section 529 Plan? How can it be used for tax planning purposes? Provide a comprehensive analysis?

Full question

What is meant by a “Section 529 Plan?” How can this Section be used for tax planning purposes? Be sure to provide a comprehensive analysis of this section along with examples/illustrations supporting your response. Additionally, in your opinion, would you recommend a Section 529 Plan over “Educational Savings bonds?”

Answer: For answers to your homework use wikipedia.com
Do not copy the answers – teachers are well aware that many students just copy answers from there.
She will notice your answer similar to many others.
Understand it and put it in your own words.

If you have further questions – you can ask here – but you need to do the initial reasearch yourself.

And yes, I would recommend 529′s instead of EE savings bonds.
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