While it can be beneficial from a tax standpoint for a client to participate in their state’s 529 plan, the best tool for education savings will vary by client. Start the conversation on education savings or answer a client’s question on 529 plans with this client ready tool. Here are some of the pros and cons of using a 529 plan for education savings to review with your client:
529 plans have high contribution limits.
Funds in a 529 plan