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West Virginia’s plan, Smart 529 WV Direct College Savings Plan. California’s plan, ScholarShare 529. ... who can help guide you on how to best invest in the plan and review it over time.
Since 2018, Morningstar has named Virginia's Invest529 plan among the top 529 college savings plans in its annual analysis. [2] [3] [4] According to U.S. News & World Report, Virginia's 529 offers a "whopping" 27 funds and six multi-fund options in its static track. Further, US News reports that "Morningstar applauds the plan’s low costs ...
529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...
A 529 plan has an owner and a beneficiary, but they can be the same person. The owner chooses the beneficiary, selects the investments and determines when withdrawals will be made. The owner can ...
It's important to know exactly how 529 plans work.
A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. ... Connecticut, Missouri, North Carolina, Vermont, Virgina, West Virginia. $550,000. States with ...
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