Compare Student Loan Rates Now 6 Best 529 College Savings Plans What Is a 529 Plan? A 529 plan serves as an investment vehicle designed to help families save money for future educational expenses.

Kim: All 529 plans come with the federal level tax benefits, ... Let’s start with Alaska’s T. Rowe Price College Savings Plan and the Massachusetts U.Fund College Investing Plan.

529 plans offer convenience and potential tax benefits when saving money for education. But there are many rules you’ll need to know (and follow). For over 25 years, the U.S. government has been ...

An UTMA/UGMA 529 plan is a college savings account funded with money from a Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) account.

529 college-savings plans across the country are increasingly making their way onto Morningstar’s honor roll, ... Massachusetts, Illinois, and Alaska – the last three of which were upgrades.

That means you can fund a 529 plan with up to five years’ worth of contributions all at once — individuals can contribute up to ... Massachusetts . $500,000. Michigan . $500,000. Minnesota ...

Compare performances, benefits, and fees to find the best 529 plan for you in 2025. ... This Fidelity Brokerage-managed, Massachusetts advisor-sold 529 plan offers an age-based, ...

You can move a maximum of $35,000 from a 529 plan to a Roth IRA during your lifetime. 529 funds must be converted by paying the amount directly to a Roth IRA—you can’t pay yourself and then ...

Plus, 529 savings plan contributions can be invested, similar to the structure of a 401(k), and any investment profits used to pay for qualified education expenses are 100% tax-free.

The “big, beautiful bill” aims to expand qualified expenses for 529 plans to include SAT fees, trade school tuition and vocational certificates.

Key Takeaways 529 Education Saving Plans are tax-advantaged investment vehicles in which your money grows tax-free. Depending on the level of tax benefit your state’s plan offers, it may be ...

529 college savings plans are run by the states, and each state can set its own contribution limit. There aren’t per-year contribution limits, but high contributions could have gift tax ...