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New York’s 529 plan, Direct Plan. Wisconsin’s 529 plan, Edvest. West Virginia’s plan, Smart 529 WV Direct College Savings Plan. California’s plan, ScholarShare 529. Ohio’s 529 plan ...
Only 2.5 percent of all families had 529 college savings accounts in 2013. [3] As of August 2020, more than $360 billion was invested in 529 college savings plans. [4] There are two types of 529 plans: prepaid plans and savings plans. Prepaid plans Prepaid plans allow one to purchase tuition credits at today's rates to be used in the future.
Unlike other tax-advantaged accounts, ... Wisconsin. $567,500. Utah. $560,000. New Hampshire ... A 529 college savings plan offers a flexible and tax-advantaged way for parents to save for their ...
The 529 college savings plan is one of many financing options you may have heard about or investigated on your own. This tax-advantaged account offers several benefits, including tax-free growth ...
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 ...
529 plans can be used for many college-associated expenses other than tuition.