california 529 savings

The California 529 savings plan is called ScholarShare. This is a college savings trust in which individuals can put money into the account to be used for higher education purposes for a specific student. The funds added to the California 529 savings program grow tax deferred. When qualified withdrawals are made, they are not charged federal or state income taxes. The plan is maintained through the state. This plan allows for small investments to be made throughout the time leading up to the fund use. Parents, grandparents and others can donate to the child's account.

Fast Facts

- 61 percent of private sector employees are offered retirement savings plans.
- 43 percent of private sector employees participate in retirement plans that they are offered.

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529 College Plan Savings

Are you concerned about your ability to pay for your kids’ college education? Maybe it’s time to take a look a...
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Series Savings Bond Types: Advantages and Disadvantages

Savings bonds have been a staple in American living for decades. These may be one of the safest investments ...
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Custodial College Savings Accounts

In many ways, custodial savings accounts are similar trust accounts. In both, a person who is not the benefici...
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College Savings Bond

College savings bonds are tax-exempt, zero-coupon bonds issued by a state to help families of that state save ...
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Coverdell Education Savings

A Coverdell Education Savings Account (also known as a Coverdell Education Fund) is an investment account whic...
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