Young adults who start their careers weighed down by college debt have a tough time buying a home or maxing out a retirement plan. That’s why, in 1996, Congress added Section 529 to the Internal Revenue Code. It created a new tax-advantaged college saving vehicle. More than two decades later, “529 plans” now collectively hold around $320 billion in assets.A lesser-known alternative, with its own set of pros and cons, is the custodial Roth IRA. Even if you’ve already started… Read more ›