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Recent Change for 529 Savings Plans Enacted by Congress
Recent Change for 529 Savings Plans Enacted by Congress
The Wall Street Journal recently reported that "After a recent slowdown, 529 plans are once again a hot investment. Growth in the state-run college-savings accounts started to pick up soon after Congress acted in August to make permanent their federal tax breaks - which were set to expire at the end of 2010.
At the same time, states and plan managers have rolled out or expanded a number of incentives, such as richer tax breaks and lower costs."
As you probably know, California’s “529” Plan is the ScholarShare savings plan. The ScholarShare Investment Board voted, in November, to have Fidelity Investments take over the management of the plan. The age-based investment option is offered in two versions, one using actively-managed funds and another using index funds. Additional Information is available on the ScholarShare Web Site at
At the same time, states and plan managers have rolled out or expanded a number of incentives, such as richer tax breaks and lower costs."
As you probably know, California’s “529” Plan is the ScholarShare savings plan. The ScholarShare Investment Board voted, in November, to have Fidelity Investments take over the management of the plan. The age-based investment option is offered in two versions, one using actively-managed funds and another using index funds. Additional Information is available on the ScholarShare Web Site at
Wall Street Journal
recently reported that "After a recent slowdown, 529 plans are once again a hot investment. Growth in the state-run college-savings accounts started to pick up soon after Congress acted in August to make permanent their federal tax breaks - which were set to expire at the end of 2010.
At the same time, states and plan managers have rolled out or expanded a number of incentives, such as richer tax breaks and lower costs."
As you probably know, California’s “529” Plan is the ScholarShare savings plan. The ScholarShare Investment Board voted, in November, to have Fidelity Investments take over the management of the plan. The age-based investment option is offered in two versions, one using actively-managed funds and another using index funds. Additional Information is available on the ScholarShare Web Site at
