07/13/2026
📚 Back-to-school season is almost here!
While you're shopping for backpacks and school supplies, it's also a great time to think about future education expenses. Whether you're planning for your child, grandchild, or even yourself, a 529 Plan can be a smart way to save for education while taking advantage of valuable tax benefits.
Here are a few things to know:
❎ Contributions are not federally tax-deductible, but...
✅ Contributions grow through tax-free investment earnings,
✅ Qualified education expenses are generally tax-free, and
✅ Your state may also offer additional tax benefits!
No two families—or businesses—are exactly alike, so the best education savings strategy depends on your unique goals. It's worth seeing if a 529 Plan is a good fit for your family!
We just launched MSM Mondays, our new biweekly series of business insights designed to equip small business owners to make wise financial planning decisions. If you want to learn more about 529 Plans, check out our latest post: https://msmadvisors.net/msm-mondays-529-plans/
💬 We'd love to hear from you! What's one school supply you were always excited to get as a kid? Comment below!
Welcome To the First Installment of MSM Mondays! We’re excited to launch MSM Mondays, our new biweekly series of business insights designed with small business owners in mind. Helping entrepreneurs succeed is our passion, and one of the best ways we can do that is by sharing practical and relevant...