by: David Little, Wealth Advisor at Keel Point in Huntsville, Alabama May 29th is National 529 College Savings Plan Day. Many have taken advantage of this great tool to save money for our children’s education. The average in-state tuition for a public four-year college is $9,410, and for out-of-state that number jumps to $23,890 (source). Higher education inflation is a major concern for many parents. According to The College Board®, looking back at the last decade, the 10-year historical rate of increase is approximately 5%. What Is a 529 plan? 529 plans allow individuals to contribute funds to an account…
