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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 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.
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 college savings account, sometimes just called a 529 plan, is a type of investment account. With it, you can pay for qualified expenses related to your or your beneficiary's education.
While a Roth IRA offers the most investment choices, more 529 plans are offering low-cost fund options. Contributing to a 529 can also come with state tax breaks as well as no aggregate ...
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