Daily Court Reporter - News Can others contribute to a 529 plan?
Can others contribute to a 529 plan?
You work hard to save money for your child’s future college costs. But did you know that there is more than one way to save in a CollegeAdvantage Direct 529 plan? You can visit the CollegeAdvantage Direct 529 plan website and follow the life stage guide to calculate the best ways to optimize your account. You can also contribute to your tax return as well as add some disappearing expenses (i.e. costs that are in a family’s budget for a limited time span) to the account. Another way to benefit from contributing to a 529 plan is by joining Upromise. With this membership, you’re earning cash back as you shop online, dine out, fill your gas tank, buy groceries, book hotels, and more. By linking your Upromise account to your CollegeAdvantage Direct Plan, your earnings are automatically transferred on a periodic basis, subject to a $25 minimum. If you sign up for automatic recurring contributions, you could transfer money from your bank account to the Ohio 529 plan.
This article is restricted per publishing limits. Soon we will offer the ability to buy the ability to read this content.
Date Published: November 7, 2016