California's 529 college savings plan has grown despite COVID-19 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

California's 529 college savings plan has grown over the last year, despite many Americans facing financial headwinds due to COVID-19

The number of new account openings was up 24% between May 2019 and May 2020, while total account contributions rose 17%. ScholarShare currently has nearly $10 billion in plan assets and an average account balance of about $30,000.

State-sponsored 529s are a valuable tool for college planning, in part because they don't shut out high earners, annual contribution limits are high, and the money grows completely tax-free and can be withdrawn tax-free at any point if it's used for qualified expenses, includingand fees. They also allow anyone to make cash gifts to the account, not just the owners.

Each state runs one or more of their own 529 plans, and investors are allowed to choose which they prefer. Plus, more than 30 statesAnyone with a Social Security number or Taxpayer Identification Number can open a ScholarShare 529 account, whether they live in California or not. About 88% of accountholders are in-state residents.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 729. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Missouri governor says kids must go back to school despite COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tough luck to their teachers, parents & grandparents. This is why people distrust the media. Kids get sick every year and 'get over it'. That isn't controversial. No evidence this corona is more deadly than other diseases kids get at schools every year. No hard evidence they are a major spreader of this corona. hi Mom, look what I brought you
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Chris Wallace challenges Trump on COVID-19 mortality rates - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Innovation' I love it! He was handed the data! Its all about the spin from the media.. Its all right here propagandaMedia who went in to do the test for you?
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »