A 529 plan can be a valuable tool to invest in a child or grandchild’s education. Money in these plans grows free from federal or state taxes, as long as withdrawals are for qualified ...

But as a grandparent, you can help your children and grandchildren mitigate this by contributing to a 529 plan. A 529 plan is a tax-advantaged savings plan designed to encourage saving for future ...

For a typical family, the tax advantages of a 529 college savings plan outweigh the restrictions on how those funds can be spent, some experts say. In cases where a child doesn't go to college ...