A 529 Plan Isn’t the Only Way to Save for College

并非只有529计划可以用来为大学储蓄

WSJ Your Money Briefing

2025-05-08

8 分钟
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The 529 plan isn’t your only option for funding your child’s education. Wall Street Journal contributor Cheryl Winokur Munk joins host Julia Carpenter to talk about the pros and cons to alternative college savings vehicles.  Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Here's your Money Briefing for Thursday, May 8th.

  • I'm Julia Carpenter for The Wall Street Journal.

  • Parents agonize about when and how much to start saving for their child's education.

  • A lot of families turn to 529 plans for help,

  • but some parents say they prefer alternative savings vehicles.

  • These UGMA or UTMA accounts allow you greater flexibility.

  • They're not restricted for education.

  • You can use them for whatever you want them for.

  • There also can be some kiddie tax benefits.

  • So how should a parent, grandparent, or guardian weigh these options?

  • Wall Street Journal contributor Cheryl Winokur-Monk joins me to talk through the pros and cons of these different ways of funding your child's education.

  • That's after the break.

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  • Well, life doesn't always give you time to change the outcome.

  • But prediabetes does.

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