Investment Rules for 529 College Savings Plans: IRS Eases Rules
By Doeren Mayhew
Saving for college is always hard and is even more so during the current economic downturn. One of the most popular college savings plans is the "529 plans." Recently, the IRS announced that participants in 529 plans will be able to change their investments more often in 2009 than in past years. The IRS will now allow a change in investment strategy twice in 2009. This is good news for 529 plan participants, especially those that may have otherwise been locked into a mix of investments that has turned out to be more speculative than initially contemplated.
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By Doeren Mayhew - Jun 30, 2009 9:53 am
Thanks for posting this, we appreciate it. There's so many tips that people don't know about that can actually help save additional money when it comes time to do your taxes.