While there isn't much public information on how celebrities like Gwyneth Paltrow or Ben Affleck specifically use 529 plans, we can infer their strategies based on their financial standing and the general advice given by top financial planners. Celebrities, with their unique financial situations, are likely to approach college savings with a combination of tax optimization, long-term wealth transfer, and a focus on highly-rated, low-cost investment options. This is where a plan like Virginia529 shines, even for the ultra-rich. The Celebrity College Savings Mindset Celebrities and high-net-worth individuals aren't just saving for college; they're strategically managing their wealth. Their primary motivations for using a 529 plan would be: Tax Efficiency: The tax-free growth and tax-free withdrawals for qualified educational expenses are the main selling points. 1 Even for those in the highest tax brackets, avoiding taxes on decades of investment growth is a significant ben...