This Sunday is May 29th, which is also 529 day, to raise awareness about the importance of saving for college and the benefits that come with using 529 College Savings Plans to do it. Â
Dave Jarvill is an investment advisor with First Security and Trust in Charles City. He advises contributing as much as you can afford as soon as possible.
Jarvill says he’s used the 529 Savings Plan to put three kids through college.
Jarvill adds that each child can also have multiple accounts including one each on behalf of each parent. Grandparents can start 529 accounts for the grandchildren as well.
To learn more about establishing Iowa 529 College Savings accounts, how much you can contribute and the tax deductions available, consult your financial advisor or visit www.collegesavingsiowa.com.
