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Author Archives: Doeren Mayhew

IRS Eases Investment Rules for 529 College Savings Plans

Saving for college is always tough and is even more so during the current economic downturn. One of the most popular educational savings plans are so called “529 plans.” The IRS has announced that participants in 529 plans will now be able to change their investments more often in 2009 than in past years. The IRS will now allow a change in investment strategy twice in 2009. This is good news for 529 plan participants, especially those who may otherwise be locked into an investment mix that has turned out to be more speculative than initially contemplated.