Saturday, January 16, 2010

529 Account.

In case you were interested, the contribution limit on the 529 Plans have gone from $310,000 to $370,000. And, just as a reminder, you can contribute up to $12,000 per year without any tax implications....just in case you were curious.

I thought that was pretty cool until I realized that the cost of college has risen so much that a hike in the contribution limit was probably necessary. Great. My freshman year Chemistry textbook cost $200. I wonder what it will be when Shelby goes to college. A second mortgage might be necessary.

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