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.