Assets in College Savings Plans Skyrocket—Here’s How to Use Them
The Wall Street Journal·2026-03-31 19:12
A 529 account can help you save for your kid's future. Here's how it works. A 529 is a state sponsored savings account where investments can grow tax deferred and withdrawals can be made tax-free if they're for education purposes.And they've seen nearly an 8% increase in contributions from roughly 43 billion in 2024 to around 46 billion in 2025. Total assets have also been rising with the markets. Last year, 529s hit a record 603 billion in assets.In recent years, the government has expanded what parents ca ...