...has always been a problem for many families. With the recent introduction of state sponsored 529 plans, families can now invest for children and grandchildren with tax favored investment vehicles that allow significant dollar amount deposits. Up to $11,000 per year can be invested for future college or advanced education expenses by parents, aunts, uncles, and grandparents. This $11,000 limit can be expanded to $50,000 by combining 5 years of deposits into a single year. The income is tax free when spent on qualified post-secondary school expenses. Contact us about this college funding vehicle.