While most parents and grandparents think of college savings 529 plans as fit for their offspring, some of them are now actively using the investment vehicles to save for adult education, The Wall Street Journal reports. And a large number of them are planning to use the education to plan for a second career.
Seeing this as a clear trend, some universities are responding with classes tailored for these older adults. “We’re going to make this part of our retirement planning,” said Ray Loewe, a college-aid financial planner. “I never had a chance to study music. I never had a chance to study art.”