Thinking about opening a 529 college savings plan for your little one?
h3(matt). Matt’s View
p(matt). Even if you don’t have kids, a 529 plan contribution makes a great gift for the children of your friends or family members. Okay, it might not have the rip-the-wrapping-paper-off appeal of new toy, but if it helps them graduate with less student loan debt that’ll be a true gift. And if you pay income taxes in the state that sponsors the plan, you might even be eligible for a state income tax deduction for your contribution. Check with the state’s plan.
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