529 Plan Savers Earn Better Grades For Behavior
As part of its ongoing series on 529 account owner behavior, Vanguard recently reviewed the investment saving behavior of a random sample of its 529 client plan account owners. Our analysis revealed a number of positive trends. First, we found that the use of 529 plans continues to increase, absolutely and relative to other savings vehicles not specifically designed for college. Second, 529 college savers are starting early, giving them more time to benefit from the compounding of investment earnings and tax savings.