So, if there's $5,000 in the child's savings account, that would account for 20% of assets. That same amount in a 529 account would only be assessed at 5.6%, Khalfani-Cox explains.

AZ529 Education Savings Plan is a paid advertiser of Sonoran Living Saving for a Child’s Future and National 529 Day By Hon. Kimberly Yee, Treasurer of Arizona As the summer months approach, it ...