“Given the potential for perpetual tax-free growth, a Dynasty 529 plan can be an attractive strategy that affluent families can use in order to provide a legacy of education for their family,” writes Jeffrey Levine.
“Simply put, it’s the idea of ‘overfunding’ one or more 529 plan accounts that, between contributions and earnings, can be used to pay for multiple – or better yet, many generations of – family members’ future education expenses.”
Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of