Word: 529s
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...accounts might be gobbled up by President Bush's radical savings proposals--it's a good time to get prepared by playing "what if." But first, a quick review: Bush wants to shelve dozens of types of tax-deferred accounts, from IRAS and 401(k)s to 529s (for college), and replace them with three much simpler animals...
Note that Congress can giveth--and taketh. Critics view the new provision as a freebie to the rich and charge that the easy money will lead exclusive universities to raise rates, putting the very best education further out of reach. So the tax-free nature of 529s may not last. But don't let that stop you. Saving somewhere--anywhere--is the key to passing this class...
...Note that Congress can giveth--and taketh. Critics view the new provision as a freebie to the rich and charge that the easy money will lead exclusive universities to raise rates, putting the very best education further out of reach. So the tax-free nature of 529s may not last. But don't let that stop you. Saving somewhere--anywhere--is the key to passing this class...