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Here are five of the top 529 plans: Ohio’s 529 plan, CollegeAdvantage. New York’s 529 plan, Direct Plan. Wisconsin’s 529 plan, Edvest. West Virginia’s plan, Smart 529 WV Direct College ...
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.
The information you will need to open a 529 account may vary by plan. In general, though, expect to be asked for details such as Social Security number (or tax ID), date of birth, and address. You ...
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 ...
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 ...
The 529 college savings plan, however, is the more popular option and is offered in some form by all 50 states. In this case, you make contributions to an account that gives you certain tax ...
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