Help Available on Sec 529 Qualified State Tuition Programs
State sponsored college savings programs are becoming hot, and every large financial institution is trying to figure out how to get a piece of the action.
These plans represent a revolutionary new way parents (and grandparents) invest for college tuition. These pre-paid tuition plans are state sponsored investment plans and are given special tax status by the IRS.
A new website is available to help you advise your clients through the array of programs available today through Section 529 plans. Sign on to www.savingforcollege.com and click on a number of features that would benefit financial advisors, including state plan investment results, state plan comparisons, links to articles on Section 529 Plans, and information on a new book,"The Best Way To Save For College."
The author of the book is Joseph Hurley, a CPA and Partner with the firm Bonadio & Company in Rochester, New York.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.