529 Plan

Education and College Planning, Personal Finance
Published Date: October 24, 2024
Last Modified: 2 months ago

What is a 529 Plan and How Does It Work?

A 529 plan is a tax-advantaged savings plan specifically for future education costs. It offers federal tax benefits and often state tax benefits, allowing your savings to grow faster for qualified education expenses. These plans can be used for college, vocational schools, or even K-12 tuition in some cases.

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Education and College Planning, Personal Finance

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