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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.
Americans have amassed $450 billion for educational expenses in 529 plans as of August 2024, according to the Education Data Initiative. That amounts to around an average of $27,741 for the ...
A 529 plan comes in two major types: (1) a college savings plan, which allows you to invest money in potentially high-return assets such as stocks, and (2) a prepaid tuition plan, which allows you ...
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 ...
There are many routes to saving for your children's college education, but one of the most commonly recommended is the 529 savings plan. This is a tax-advantaged investment account in which the...
Continue reading → The post 529 Investment Strategy by Age appeared first on SmartAsset Blog. Even for students targeting a public, in-state institution, fees and tuition average around $10,338.
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