College 529 Savings Plans: How to Get the Most Out of Them

Go to the head of the class with one adviser’s tips, such as how to choose the plan that works best for you and when to get started.

A couple of happy college students look at a laptop together.
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Editor’s note: This is part three of a three-part series about college 529 savings plans. Part one is When Choosing Funds for Your College 529 Plan, Don’t Make This Mistake, and part two is What You Need to Know about College 529 Savings Plans.

School is back in session, much to the relief of parents nationwide. And in the spirit of back-to-school, now is a good time to review how to save for college and, in particular, the 529 college savings plan. After all, college isn’t cheap, and parents will need to squeeze the most out of their savings plan if they hope to have enough saved. Here to help are a few ways I advise my clients on how to get the most out of their 529 plans.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Michael Aloi, CFP®
CFP®, Summit Financial, LLC

Michael Aloi is a CERTIFIED FINANCIAL PLANNER™ Practitioner and Accredited Wealth Management Advisor℠ with Summit Financial, LLC.  With 21 years of experience, Michael specializes in working with executives, professionals and retirees. Since he joined Summit Financial, LLC, Michael has built a process that emphasizes the integration of various facets of financial planning. Supported by a team of in-house estate and income tax specialists, Michael offers his clients coordinated solutions to scattered problems.