529 College Savings Plan Improvements
The 529 college savings plan gets its name from the section of the Internal Revenue Code that allows for it, section 529. It was enacted in 1996 as part of the Small Business Job Protection Act of 1996, sponsored by Republican Bill Archer. Here is a link to the bill; go to page 141, part [...]
August 2010 529 Vanguard Index Fund Portofilio Performance
The month of August was another down month for the market, much like the month of May, just not as severe. The Dow Jones Industrial Average (^DJI) was down –4.31% between July 30 and August 31. During the same period, the S&P 500 (^GSPC) was down –4.74% and the NASDAQ Composite (^IXIC) was down –6.23%. [...]
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