Image courtesy of Alaska 529
Dreading the thought of more toys this holiday season? Families can invest in 529 savings plans and use the savings for K-12 tuition or college tuition and expenses. CSF tuition is an eligible expenditure.
How does a 529 plan work?
529 plans allow investors to save for education tax-free. The principal is post-tax (meaning your contributions are taxed before they are invested), but all interest and accrued earnings are tax-free if used for eligible expenditures. Friends and family members can contribute to 529 plans. Talk about a gift that keeps on giving.
To find out more about the Alaska 529 plan, visit UACollegeSavings.com or call 1-866-277-1005.