THE 529 PLAN IS NO LONGER JUST A SIMPLE COLLEGE SAVINGS ACCOUNT: It's a Family Capital Allocation Tool
For years, the 529 plan was boxed into a narrow category: “college savings.” That framing is now outdated. For high-income families, a 529 can function as something much more powerful ... a multi-use planning vehicle for education, credentialing, estate reduction, tax-efficient intergenerational gifting, and even an early Roth IRA runway for the next generation. The question is no longer whether a child will “go to college.” The real question is whether your family is building a system to fund earning capacity without unnecessary tax friction.
