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 ...

Core Insights - J.P. Morgan Asset Management released its 2026 College Planning Essentials, emphasizing the importance of early investing and 529 plans to manage rising college costs [1][1][1] - College tuition has increased by 914% since 1983, significantly outpacing other household expenses, highlighting the need for families to make informed financial decisions [1][1][1] Key Findings - Early investment is crucial; 83% of 529 plan users make automatic contributions from bank accounts or paychecks [1][1] - The flexibility of 529 plans has expanded, allowing tax-free Roth IRA rollovers up to $35,000 per beneficiary and broader eligible expenses [1][1] - A significant gap exists in 529 plan adoption, with 60% of families not utilizing them, often relying on cash and taxable accounts [1][1] - Costs at four-year, in-state public universities have risen by 45% over the past decade, while total financial aid has only increased by 11% [1][1] - Families now cover 48% of college costs from income and investments, up from 38% twelve years ago [1][1] - Student loan debt has surged by 343% since 2005, affecting life goals for 97% of recent graduates with debt [1][1] Company Overview - J.P. Morgan Asset Management oversees over $12.7 billion in 529 plan assets, serving more than 346,000 families [1][1] - The firm has provided access to 529 investment options since 2012 and offers insights to inform financial advisors [1][1] - J.P. Morgan Asset Management manages $4.2 trillion in assets as of December 31, 2025, serving a diverse client base globally [1][1]

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What parents do when they don’t qualify for college financial aid—but haven’t saved enough to pay for a child’s education. 🔗: https://t.co/2pDoGOPGIG https://t.co/Jgnr4iDSqe ...

What parents do when they don’t qualify for college financial aid—but haven’t saved enough to pay for a child’s education https://t.co/lbg2JlKWlU ...

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