With stock markets down precipitously and few asset classes that haven’t declined significantly this year, many investors in 529 college savings plans are wondering what to do. In some situations, it may make sense to make a change in your child’s 529 plan.
529s are tax-advantaged savings plans that can be used to pay for college and graduate education expenses. Investment allocations for these plans are typically set up like target-date funds: the proportion of stock holdings declines as the beneficiary approaches college age. Unfortunately, with most asset classes taking big dives in price this year, even accounts with …Read More