529 Plan
UTMA and UGMA are very similar. Both are uniform code proposals adopted by the individual states. Like other uniform codes (the uniform building code is a common one, for example) these work by proposing a common framework for states to use in order to prevent a hard to use patchwork of laws in each state. [...]
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Congress made a new rule for 2009 for people with 529 plans. You can change your investments twice this year, but should you?
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A client asked me what they should do with their [tag]economic stimulus[/tag] [tag]tax rebate[/tag] they will get later this year. (So will you!). Usually I tell people to pay down debt if they have any. They don’t have any. They also have already maxed out their [tag]IRA[/tag]s for 2008. But, they have kids! So I [...]
Continue reading about Put Your Tax Rebate In an IRA or 529 Plan – GENIUS!