Planning for the future is not easy. It is hard enough to plan for yourself. However, when it comes to planning for your children, it can present a whole different set of unique challenges. You want to make sure that you are planning for their future, and not just your own.
There are many different methods that you can use to save money, but the 529 College Savings Plan is an investment option that provides tax-free growth and a wide range of investment options, including a selection of pre-established portfolios and the ability to choose individual investments. The upshot is that you can pick a portfolio that is right for your child based on their investment goals.
Now that you have a 529 Plan set up specifically for your child, how can you maximize your investment? Here are five ways in which you can get the most out of your 529 Plan.