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For many investors, the second-most important goal behind a comfortable retirement plan is saving for a child’s education.

After all, college continues to be one of the best ways to stack the deck towards higher long-term earnings potential. But with prices for tuition rising and student debts hitting the crippling point, many parents feel that they have to help shoulder the burden. And many are doing so with 529 plans as their chief college savings vehicle.

That’s great news considering that 529 plans were one of the biggest winners in the new Republican tax overhaul. Several key provisions of the bill now make 529 plans even more lucrative for savers.

Want to know the real cost of a college degree? Click here.

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