When a Roth IRA is a Better Option Than a 529 Plan

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TAX PLANNING

When a 529 Plan Doesn’t Make Sense

By The BIDaWIZ Team on October 5th, 2010 at 1:51 pm

Sending the kids off to college is perhaps the 2nd most expensive event in a parent's lifetime other than buying a home. It is so expensive today with rising tuition costs & savings accounts continuing to dwindle as a result of the financial crisis. To prepare for the high cost of college, we often hear financial planning experts instruct parents to setup a 529 Plan account. While this can be sound advice, there are instances in which a 529 plan doesn't make much sense at all. .

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