Why Shouldn’t You Use Some of the Tricks the Wealthy Use?
10 Ways 529 Plans Profit the Wealthy — Can You Benefit?
Grandparent Loophole, Roth Conversion, and More: Advanced and Timely 529 Strategies
Published in
10 min readFeb 22, 2023
When my youngest daughter was in college, we used a 529 plan to help gain tax advantages from costs we’d incur anyway.
As a recently minted grandfather, I’m taking another close look at 529 plans and how they can help us over the much longer term.
What Are 529 Plans?
These plans are popular education-related tax-advantaged savings and investment accounts that can help you save for college and other educational expenses for kids, grandkids, or even you and your spouse.
However, many people are unaware of a range of advanced strategies, many of which the wealthy use, but that can benefit the middle class too.
