529 Account Owners Enjoy Tax-deferred Growth While Investing Into A Child’s Future
August 8th, 2008 | by admin |Nearly every state offers section 529 savings plans for families who wish to save money for their children's college expenses. The quality of each plan, in terms of the possible fees, rules and regulations will vary. Some plans allow the account owner to change beneficiaries, while others do not. Wells Fargo managed the 529 college savings plan for the state of Wisconsin titled Tomorrow's Scholar. Contributions made to the account are invested in special investment portfolios which were designed specifically for the savings program. Account owners enjoy federal tax-deferred growth while investing into their child's educational future. Wisconsin residents do not pay state income taxes for qualified withdrawals.
