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[PODCAST] How to give a gift of college savings
http://www.savingforcollege.com/articles/how-to-give-a-gift-of-college-savings-703
Posted: 2014-12-18
Still searching for the perfect holiday gift for a future student? Well look no further! In this new podcast, Joe Hurley and I discuss why a contribution to a 529 plan can be a more meaningful gift for a child than a toy or cash. Tune in to this episode to learn about how the money you put away for college can grow in value over time, and whether it's best to donate directly to a child's existing account or open your own. Joe explains that as long as the funds are saved in a 529 account, they can typically be used to pay for any post-secondary school in any state. What's more, there are a number of plans that make it so easy to contribute; you'll wonder why you ever even considered going to the mall.
Happy Holidays from Savingforcollege.com!
Photo credit: Can Stock Photo
Did you enjoy this podcast? Make sure to subscribe to our channel to hear more great college savings stories and tips!
Still searching for the perfect holiday gift for a future student? Well look no further! In this new podcast, Joe Hurley and I discuss why a contribution to a 529 plan can be a more meaningful gift for a child than a toy or cash. Tune in to this episode to learn about how the money you put away for college can grow in value over time, and whether it's best to donate directly to a child's existing account or open your own. Joe explains that as long as the funds are saved in a 529 account, they can typically be used to pay for any post-secondary school in any state. What's more, there are a number of plans that make it so easy to contribute; you'll wonder why you ever even considered going to the mall.
Happy Holidays from Savingforcollege.com!
Photo credit: Can Stock Photo
Did you enjoy this podcast? Make sure to subscribe to our channel to hear more great college savings stories and tips!
If you liked this post and think it would help others save for college, please share!
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Top 529 College Savings Plans
One-year rankings are based on a plan's average investment returns over the last 12 months.
State | Plan Name | |
---|---|---|
1 | Nevada | USAA 529 Education Savings Plan |
2 | Florida | Florida 529 Savings Plan |
3 | New Jersey | NJBEST 529 College Savings Plan |
Three-year rankings are based on a plan's average annual investment returns over the last three years.
State | Plan Name | |
---|---|---|
1 | South Dakota | CollegeAccess 529 (Direct-sold) |
2 | Wisconsin | Edvest 529 |
3 | Nevada | USAA 529 Education Savings Plan |
Five-year rankings are based on a plan's average annual investment returns over the last five years
State | Plan Name | |
---|---|---|
1 | Indiana | CollegeChoice 529 Direct Savings Plan |
2 | Florida | Florida 529 Savings Plan |
3 | Alaska | T. Rowe Price College Savings Plan |
10-year rankings are based on a plan's average annual investment returns over the last ten years.
State | Plan Name | |
---|---|---|
1 | West Virginia | SMART529 WV Direct College Savings Plan |
2 | South Carolina | Future Scholar 529 College Savings Plan (Direct-sold) |
3 | Ohio | Ohio's 529 Plan, CollegeAdvantage |