Results for "college savings"

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529s need to raise profile, studies show

October 1, 2007

College savings plans may be receiving record amounts of money, but nearly half of American parents still don't really know what they are, according to two surveys released late last month. One study, by the College Savings Foundation, found...

Fidelity's 529 plans thrive

September 18, 2007

Assets for 529 college savings plans managed by Fidelity Investments grew nearly 60% for the past year ending Aug. 31 to $13.5 billion. Boston-based Fidelity, one of the nations leading 529 plan managers, also reported that over 100,000 new...

529s launch another back-to-school marketing blitz

September 10, 2007

The college savings plan industry once again has unveiled a wide array of marketing campaigns for the back-to-school season, with many plans emphasizing the benefits of 529 plans in light of upcoming changes in the “kiddie tax.” The tax, which...

529 plans achieving ‘critical mass’

August 6, 2007

NEW YORK — One year after the passage of the landmark Pension Protection Act, which made federal tax breaks for Section 529 college savings plans permanent, the programs are approaching “critical mass,” according to the head of the College...

Suit threatens tax incentives for 529 plans

June 25, 2007

NEW YORK — The college savings plan industry is closely tracking a class action filed in Illinois last month that could help open the legal floodgates for states that use tax incentives to induce residents to invest in their own Section 529...

The smallest 529 plan weighs consolidation

April 16, 2007

NEW YORK — The nation’s smallest Section 529 college savings plan — Tennessee’s BEST Savings Plan in Nashville, which has less than $40 million in assets and is managed by New York-based TIAA-CREF — soon may become the second state to transfer...

TIAA-CREF stages 529 comeback

April 16, 2007

NEW YORK — TIAA-CREF wants to be a contender in the Section 529 college savings plan business — again. And the renewal last month of its three-year contract to manage Michigan’s $1.6 billion Education Savings Program means the giant money...

529 industry targeting grandparents’ IRAs

January 15, 2007

NEW YORK — Grandparents are poised to become the new growth market for Section 529 plans. Program managers who run the college savings plans increasingly are encouraging financial advisers to boost sales by targeting those grandparents above...

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