GaGaGear

Nothing Says Love Like a 529 Plan

Posted on: February 3, 2010


Oregon 529 Plan

Graphic Credit: oregon529network.com

OK – full disclosure: today, we had our annual review with our financial advisor.  I’ve got money on the brain.  So here’s a gift idea that can reap big dividends – a 529 College Savings Plan.

What’s a 529 College Savings Plan?  From the Oregon 529 web site: “a 529 plan is a state-sponsored, tax-advantaged investment vehicle designed to help and encourage families save for the future higher education expenses of a designated beneficiary.”

Although most of us probably think of it as little Junior’s future college fund, a 529 plans has no age requirement, is fully transferrable within a family once established, with no penalty.  Even if Junior gets a full scholarship for tuition at a qualifying institution, 529 dollars can be used for books, supplies, equipment, room and board.

No kids yet?  Use 529 to drop a major hint: a 529 can be established in mom or dad’s name, and reassigned as appropriate when the time comes.

While 529 plans are offered by nearly every state (and you don’t have to go to school in, say, Oregon just because you have an Oregon 529 plan) the plans do vary in their details.  So read carefully, and consult an expert for help with any questions.  Some plans may be purchased directly through the state, and others must be purchased through licensed financial advisors.

Oregon529Network.com provides an excellent top-level FAQ however, this should not be viewed as a substitute for professional advice from an accredited financial advisor.

Disclaimer: Mama Gaga is not a licensed financial advisor, just an enthusiast.  You are responsible for verifying any of the assertions above, which are based on the Oregon 529 Plan alone as described on the web site.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


  • JHeff: I have read a good number of comments about most users of the boba not really ever using the foot rests. Looking at the videos I've seen, the back on
  • Mama GaGa: Oh, boo! Thanks for the manufacturing update - I will make note in the post. Cheers - MG
  • Cathy: I know this is a couple years old but I ran across this post and was so excited when you said the Boba was made in America - a big selling point for m

GaGaGear on Twitter

Archives

COPYRIGHT INFO

Original site content ©GaGaGear, 2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to GaGaGear with appropriate and specific direction to the original content.
BlogWithIntegrity.com

Back To School Cool:

Back to School Shopping
%d bloggers like this: