(Note: This guest post is written by Joanne Dashiell from the Private College 529 Network. More information about Private 529 Plans can be found here (https://privatecollege529.com/learn-more/faqs/)
Ken and Trina Weingarten know finances and believe strongly in higher education. They have made saving for their daughters’ (Sofia and Elena) college expenses a high priority since they were young.
For any parent wanting their child to go to college, 529 plans are a staple when saving for this goal. The benefits of tax-deferred growth and tax-free withdrawals, if used for qualified educational expenses, make this option very attractive. However, in the realm of possibilities, there exist scenarios in which this account’s funds will not be used.
Whether your child will soon be commencing their freshman year of college or is currently in college, filling out the FAFSA (Free Application for Federal Student Aid) is an important decision to make in regards to college planning.