Is a 529 Plan the Right Move for Your Child’s Education?
Saving for college can feel overwhelming—but a 529 plan can make it easier and more tax-efficient.
A 529 plan is a state-sponsored investment account that allows families to grow college savings tax-deferred, and withdrawals are tax-free when used for qualified education expenses like tuition, books, and room and board. Some plans even allow for K–12 tuition and apprenticeship costs.
At Edelman Wealth Management, we help families navigate education planning with confidence. Whether you're a parent, grandparent, or guardian, a 529 plan may be a smart part of your long-term financial strategy.
Key 529 Benefits:
✅ Tax Advantages: Tax-deferred growth and tax-free withdrawals for qualified expenses
✅ High Contribution Limits: Fund generously without federal income limits
✅ Flexibility: Transfer funds between beneficiaries if plans change
✅ Estate Planning Tool: Reduce your taxable estate while helping the next generation
Each family’s goals are unique. Let’s talk about how a 529 plan could fit into yours.
We’re here to help. Reach out with any questions or concerns you may have. Schedule a consultation today.
And, as always, if you have any life changes or updates (i.e., new job, promotion, marriage, new baby, new grandchild, etc.) that may affect your current insurance and investing strategy, please call us at 215-579-5601.
Stacy Brilliant, Chief Operating Officer
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