On the Money

Back to school savings opportunity, by Lisa Persohn, business administrator at Lake Country Wealth Management

Higher education becomes more expensive every year, and no matter their child’s age, many parents continually wonder how they are going to pay for college.

One option for saving for college is a 529 plan. 529 plans help families save for higher education similar to how IRAs and 401(k) plans help save for retirement.

Wisconsin’s 529 plan is called EdVest. The plan is administered by Wisconsin’s Office of the State Treasurer and is managed by Wells Fargo Funds Management LLC. The underlying investments are managed by Wells Fargo Funds Management LLC; Legg Mason Capital Management Inc.; Robert W. Baird & Co. Inc.; and The Vanguard Group.

Read more here.

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