Learning Library Quick Answers Investment Planning

What are the most common investment options given by 529 Plan Managers?


Answer: The most common investment offerings include age based allocation investments which are geared towards your child's age an....

What are the options for repositioning an UTMA account for children who have not reached their 18th birthday?


Answer: Since the child is not 18, he can't legally gift the money. But the money can be reinvested within the UTMA. Non-assessabl....

What are Upromise and BabyMint, and how do they relate to a 529 College Savings Plan?


Answer: Upromise™ and BabyMint™ Inc., are membership programs that obtain "free" contributions from corporations with whom con....

What happens if the beneficiary of a 529 College Savings Account chooses not to go to college?


Answer: A 529 College Savings Plan allows for the owner of the account to change the beneficiary of the account at any time. To ma....

What is a 529 College Savings Plan?


Answer: A 529 College Savings Plan is a savings plan established and maintained by any state to assist families in saving for coll....