Section 529 savings plans are state-sponsored college savings plans to which anyone can contribute money on behalf of a beneficiary. Contributions are invested according to options directed by the state. Here are some pros and cons to help you prepare for saving for your childs education with these plans.
Pros:
Cons:
529 Savings Plans are valuable tools to help you save for your child's education but make sure you understand the pros, cons and alternatives of these kinds of investments.
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