Remember back in 2001, when the President’s new tax code went into effect, so many of the changes were set to expire in 2010? This included withdrawals from 529 college savings plans being tax free if they were used for higher education. Well, the class of 2010 will enter college in September. So if you are saving for a child who is not going to graduate from high school this year, is the 529 still a good deal for you? Consider the worst case scenario – in 2010 the withdrawals are taxed. A 529 is still a great way to … Continue reading →