Happy Birthday 529 Day — 5/29/2026!
With education costs continuing to rise, many families are looking for smarter ways to prepare for the future without creating unnecessary financial stress. One of the most effective tools available is the 529 plan.
A 529 plan is a tax-advantaged savings account designed to help families save for qualified education expenses, including college, trade schools, and certain K–12 costs. Contributions grow tax-deferred, and qualified withdrawals are federally tax-free. Many states also offer additional tax benefits.
What makes 529 plans especially valuable today is their flexibility. Funds can often be transferred to another family member if unused, and recent rule changes may allow certain unused assets to roll into a Roth IRA for the beneficiary under specific conditions.
The biggest advantage, however, is time. Even small monthly contributions made early can grow significantly over the years through compound growth.
At Edelman Wealth Management Group, we believe education planning should be part of a larger financial strategy — one that balances future goals with today’s priorities. A thoughtful 529 plan can help families prepare with greater confidence and flexibility for whatever comes next.
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
