A 529 savings plan is a beneficial way to save for college, providing families with tax and financial aid advantages. In the 529 savings plan, the contribution limits are high and are made from after-tax dollars, the plan's investment funds can grow your money, and qualified withdrawals are tax-free. Before getting started with your 529 college savings plan, use this calculator by WiserAdvisor to estimate how much you can contribute to a 529, how big it could grow, and what you need to know if you contribute more than $14,000 in a year.
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