What is a 529 fund?
Author: Ivan Yaller
Website: http://www.InvestingYes.com
Added: Tue, Oct 31, 2006 8:29:12
Category: Investing Questions
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A 529 fund is money allocated for a child's college expenses. This is a perfect idea for parents who want to save money for their children's future education. The coverage of the plan varies from state to state. In spite of the differences from state to state, all 529 plans are exempt from federal taxes.
Basically, there are two types of 529 plans. You can choose the type that best fits your needs and your ability to pay:
1. College Savings Plan
2. Prepaid Tuition Plan
The amount will be based on the plan you choose.
keywords: Investing | Investment | Invest | Stock Market | Funds | Financial | 529 Fund | College About the Author:
Ivan Yaller answers frequently asked investing questions at PrettyGreatAnswers.com.
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