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A 529 plan comes in two broad varieties — a prepaid tuition plan and an education savings plan: A prepaid tuition program allows you to purchase college credits at today’s prices for future use.
Here are some great advantages of a 529 plan and why it could be right for you. ... For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help.
Image source: Getty Images. 1. Your money can only be used for four-year college. You can absolutely use a 529 plan to pay tuition at a four-year college.
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Thanks to a new rule from the IRS, up to $35,000 in unused funds in a 529 plan can be rolled over into a Roth IRA per beneficiary in a lifetime. This allows families to use unused funds to help ...
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A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged ...