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A 529 plan comes in two broad varieties — a prepaid tuition plan and an education savings plan: A prepaid tuition program allows you to purchase college credits at today’s prices for future use.
It helps families review individual plans based on factors like performance and fees. Vanguard also has a 529 plan comparison tool that allows you to compare up to 3 different plans at a time ...
“Additionally, 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 typically tax advantages associated ...
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 ...
It's important to know exactly how 529 plans work.
A 529 plan works much like other types of investment accounts. You can use age-based investment strategies; conservative, moderate, or aggressive investment mixes; or a mix of funds.
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