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529 Plans – Want To Know How The Obamas Are Saving For College For The Kids?

Saturday, April 18th, 2009

With the cost of 4 year college educations continuing to soar

David M. Frees III Esquire on 529's and How The President Saves For College

David M. Frees III Esquire on 529's and How The President Save For College

and, to out pace inflation, many of us are wondering how to save for our children. There are a variety of tools ranging from multiple 529 plans to UTMA accounts, to trusts, and outright savings in the parent’s own names.

But, if you want to know how the President of the United States of America is saving for his daughters, then the public disclosure of his gift tax returns and the Wall Street Journal have the answer. This is a great article on the advantages of front loading a 529 plan which can be done by parents and/or grandparents or other relatives without filing a gift tax return. And, now is a good time to consider such gifts as the market is so low that the gift might be able to grow substantially before it is needed.

Now how to get the money to put into the plan? That is another question.

Enjoy. Leave a question or comment below.

David M. Frees III, Esquire
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Unruh, Turner, Burke and Frees
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