Education Finance Planning, Next Gen 529k

NextGen 529 is a tax-advantaged college savings plan designed to help you save for your child’s future education expenses. By contributing to a NextGen 529 account, you can enjoy:

• Tax-Deferred Growth: Earnings from your investments grow tax-free, allowing your savings to compound over time.
• Tax-Free Withdrawals: When used for qualified education expenses, withdrawals from a NextGen 529 account are tax-free at the federal level.
• Flexibility: Funds can be used for a variety of education expenses, including tuition, room and board, books, and fees at eligible colleges, universities, and technical schools.
• Gift Tax Benefits: Contributions to a NextGen 529 account can be made as gifts up to the annual gift tax exclusion limit, allowing you to contribute more than you would be able to on your own.

By starting early and investing regularly in a NextGen 529 plan, you can help your child achieve their educational goals and build a brighter future.