A look at Section 529 plans – Understanding the rules is critical
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Description
Abstract: As the costs of higher education continue to rise, a great option for families is to sign up with a savings vehicle that offers a tax break as they sock away money. A qualified tuition plan — also known as a Section 529 college savings plan — is an example. This article explains how 529 plans work and why they’re so popular — but also notes some drawbacks.
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