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[34] In December 2009, Kiplingers selected Bright Start as one of the best state 529 plans in the country, choosing it as the best plan for "low fees." [ 35 ] Morningstar, Inc. , which had previously ranked Bright Start in its top 5 in 2008, has acknowledged the issues relating to Core Plus but, citing Illinois' swift action in dealing with the ...
529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...
A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged ...
In addition, new changes as part of 2022’s SECURE Act 2.0 allow money in a 529 plan to be rolled over to a Roth IRA in the name of the 529’s beneficiary as long as the account has been open at ...
In addition, Kirk immediately criticized his Democratic opponent for his management of Bright Start, an Illinois 529 college savings program and his work at Broadway Bank. [34] Immediately after the primary, the National Republican Senatorial Committee aired a web ad comparing Giannoulias to the fictional character Tony Soprano. [35]
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