My529: Saving for all types of education

Money Making Sense

Higher education doesn't have to mean ONLY a 4-year expensive college. Troy Runnels, the CFO of My529, says you can put money into a plan which will pay for a trade school educaton, internet usage, housing, internships school supplies and much more.

Susan Speirs, the CEO of Utah Association of CPAs, says the funds you put into a MY529 plan qualify for a Credit on your taxes; and you can roll over any unused funds into a Roth IRA. Also, there are many opportunities available to help pay for your child's education.

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