Thursday, May 15, 2014

3 Things Paralegals Should Know About 529 College Savings Plans

By Jillian L. Sherman, ACP, VCA

It’s time to celebrate!  Across the country, May 29 is recognized as 529 College Savings Day (also known as 529 Day). This initiative raises awareness about the importance of saving for higher education and the tax advantages of 529 plans. Paralegals are essential to so many things, including helping clients understand how their situation impacts or is impacted by a 529 account.  In honor of 529 Day, here are some of the considerations (just 3!?) paralegals should know about 529 accounts offered by Virginia College Savings Plan℠ (Virginia529℠).