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The plan uses Vanguard funds, a leader in low-cost funds, and DFA funds. The plan is available for both in-state and out-of-state savers, and it offers up $4,000 in state tax deductions per ...
As of 2024, you may be allowed to roll over up to $35,000 in unused funds from your 529 plan into a Roth IRA account for the beneficiary — the idea being that these unused funds can help ...
529 college savings plans are powerful tools to help pay for the mounting costs of an education. You can use 529 funds to cover only qualified education expenses without incurring a tax penalty ...
When you put away money for your child's college education in a 529 plan, you want to make sure it grows as much as possible before your teen graduates high school. With this in mind, it's not good...
A 529 plan allows a participant to set up a tax-advantaged account to allow a beneficiary to use the funds for qualified education expenses. The participant deposits after-tax money in the account.
A 529 plan offers several other benefits, including the ability to invest with potentially high-return assets such as stock funds, instead of being limited to low-return bank accounts.
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