There are certain things that grandparents are better off leaving to the grandchildren’s parents in most families. How to raise the grandchildren, for example, can often be a point of contention between grandparents and the parents. Unless, the parent is neglectful or abusive, the grandparents should give input but leave decisions up to the parents. […]
Plan assets grow tax deferred and are distributed federal tax free so long as the assets are used to pay approved college expenses.
You can enroll directly with the program. In other words, you dont need a financial advisor to open and invest in this plan.
If youre an Iowa resident looking to begin saving for your childs college expenses, contributing to a college savings plan can be a great option.
The account also has a low maintenance fee. Additionally, there are many tax benefits to this plan option. Your earnings will be both federally and state tax deferred.