Wednesday, January 28, 2015

529 Plan Change

The new change is welcome.   I feel sorry for the legions of parents who have been hoodwinked into putting their hard earned assets into 529 plans and not having the ability to change their investment posture as they see fit.  Generally it is THEIR money for the benefit of THEIR children.  The cradle-to-college mentality of the government is rather shallow.    The laugh is on the taxpaying parents who are now saddled with paying for FREE community college education for so many losers who belong to the Free Shit Army brigade so prevalent in America today.

As of January 1, 2015, a 529 plan account owner may make Investment Option changes TWICE per calendar year or upon the change of a beneficiary.

Prior to January 1, 2015, an account owner was only permitted to make an Investment Option change ONCE per calendar year or upon a change of beneficiary.

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