You can stuff a lot of money into a 529 college savings plan now and then do the same thing at the beginning of 2014 – a strategy that advisers say they are seeing many wealthy clients adopt this year.
Funding a 529 College Savings Plan before year-end is a great gifting strategy your college-bound grandkids. They will surely appreciate your gesture! And if you wanted to take that gift one step further, did you know you can actually super-fund it?
As though just funding a 529 were not good enough, Reuters provided the skinny on super-funding recently in an article titled “Should you super-fund your 529 college savings plan?”