WA529 Blog
Education Savings can be a Trip!
Memories of planning family road trips always come to my mind in the summer. Preparing for an exciting adventure is a rewarding experience. I planned several fun-filled road trips when our kids were young – creating special memories our family will never forget. Recently, it occurred to me that saving for higher education may seem like a completely different task, but honestly, the two tasks are more alike than you might think.
Why I Opened a 529 Prepaid Plan for My Nephew the Day He Was Born
When my nephew was born, I knew I wanted to do something meaningful for him—something that would matter years down the line. I didn’t want to give him another cute onesie or a toy that would end up in a donation bin. I wanted to give him a future. That’s why I opened a 529 prepaid tuition plan the week he was born.
It wasn’t flashy, and no one cheered when I signed up. But it was one of the best decisions I’ve ever made.
Thinking long-term from day one
How Recent Executive Orders Could Affect Your Family’s 529 Strategy
Recently, parents saving for college woke up to seven new executive orders on education signed by President Donald Trump. Three of these may have an impact on 529 planning and usage.
Read the full description and potential impacts on the Saving for College website.
Teaching Valuable Lessons with Nickels and Dimes
Children’s dreams are limitless and often full of imagination and wonder. Many children dream of becoming firefighters, teachers, veterinarians, artists, writers, or astronauts. Some children never waver from their dreams, while other kids’ dreams evolve as they grow up. Either way, the path to achieving their dream will likely require hard work, a higher education path, and a plan to cover the costs associated with it.
Give Your Child a Head Start: The Benefits of Early 529 Savings
Navigating life with a newborn can be exhausting, even all-consuming at times. It’s also filled with more awe and joy than ever imagined. Time flies by as clothes are quickly outgrown and motor skills are developed, including discovering the ability to create ear-piercing screeches. Most exciting is their unique personality breaking through, shaping their outlook on the world.
SECURE 2.0 and Your 529 Account
In December of 2022, the federal government enacted SECURE 2.0 of 2022, which delivers dozens of retirement-related provisions. Among them is the ability to make tax- and penalty-free rollovers from your 529 plan into a Roth IRA. You may take advantage of the Roth rollover provision with your WA529 GET or DreamAhead account as of January 1, 2024.