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Anyone can contribute to a child’s 529 plan. ... investors will need to compare and contrast investing in their own state’s 529 plan versus investing in another state’s 529, as there are ...
A 529 plan also allows you to invest in a range of options, including potentially high-return investments such as stocks and stock funds as well as safer, lower-return funds and moderate-return ...
A 529 plan is a tax-advantaged savings plan designed to help parents or grandparents cover the costs of their child’s or grandchild’s education. ... and investment options differ from state to ...
The one caveat, though, would be that you could potentially owe gift taxes if you exceed $17,000 into a single child’s 529 plan in a single year, or $12.92 million over the course of their lifetime.
A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged ...
If you start with a $1,000 initial investment at the time of your child’s birth and then contribute $50 per month, the account will be worth slightly over $16,000 once the child reaches 18, even ...
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