529 fund

By Terry Savage on March 17, 2024 | College Savings / Student Loans

I’d like to open a
529 fund for my one year old grandson I need some basic instruction
Thanks

Terry Says

Start by reading this column:
https://www.terrysavage.com/529-plans-even-better-now-2/

Then, if you’re an Illinois resident you probably want to open your 529 account with the state’s BrightStart plan. It’s well run — and you get a deduction for your contribution (up to $10,000) from your state income taxes.

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