State-sponsored 529 programs are to be the best way to save for college. With 529 plans, college savings grow tax-deferred and many states offer tax breaks for families who participate in them. Also, 529 withdrawals are tax exempt if the proceeds are used for qualified educational expenses.
The challenge with 529 plans is that it is difficult to contribute to them if you are not the owner, making contributions by grandparents and others a hassle.
Upromise has changed that with their Ugift program. It provides a means where 529 account owners can request contributions in lieu of traditional gifts for events such as birthdays and Christmas.
You can read more about the Ugift program by clicking this link.
Join Upromise Today and start saving.
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