Opening an education savings account, such as an NC 529, while your child is young has all sorts of benefits. One benefit is that it allows the account to build until it’s needed for education. Earnings grow tax-free if the beneficiary uses the money for “qualified education expenses.” That term may sound confusing, but it’s intentionally broad. This is because the fund can pay for many school-related costs, …
There is so much to think about when you send your child off to college. You thought ahead when you decided to open a 529 Plan. But before you start taking money out and writing checks to the school, you have some homework to do. Here are some things you need to know about 529 Plan withdrawals.
What are Qualified Expenses?
The money grows tax-free when used for qualified education expenses.
Starting kindergarten is a major milestone for every child! They may be riding a bus for the first time or anxious about making new friends. As parents, we want them to love school and enjoy every minute. Here are a few tips to help your child have a great year.
Get Back on a Good Sleep Schedule
Bedtimes may have slipped a little over the summer, but as the first day of school gets closer,
Future kindergartners and their parents had a blast at the first of two annual Kickoff to Kindergarten events that are sponsored by the North Carolina College Savings Program (NC 529 Plan). The first event was held June 21st at Marbles Kids Museum in Raleigh; the second is to be held on August 18th from 8AM – 5PM. The free event helped future students learn the ins and outs of navigating their first year of grade school.
Assets in the NC 529® Plan reached a major milestone Friday, April 21, 2017, surpassing $2 billion.
North Carolina’s National College Savings Program, known as the NC 529 Plan, originally launched with a single investment option and transitioned $9.5 million in assets and 2,185 accounts to a multiple option format in 2001. The current NC 529 Plan, with 13 different investment options, now has a fund balance of just over $2 billion and 135,524 active accounts,
The NC 529 ® Plan Encourages Parents to Talk to Their Kids about Saving Money on April 28
April, 2017 (Raleigh, NC) – April 28 is National Teach Your Child to Save Day and the NC 529® Plan is encouraging parents to turn their tax refunds into a teaching tool.
According to a study out of the University of Cambridge,
