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A 529 plan can be used for college as well as for K-12 education. It can also be used for vocational and trade schools. ... But there are alternative ways to use the funds without incurring taxes ...
529 plans are a great way to save for college, but they aren't the only answer. By using these alternatives instead of or as supplements to a 529 plan, you can get the best of all worlds in your ...
That’s because their alternative, the 529 plan, has generally been more popular because of its tax advantages. While both accounts allow families to invest on behalf of minor children ...
Here are five of the top 529 plans: Ohio’s 529 plan, CollegeAdvantage. New York’s 529 plan, Direct Plan. Wisconsin’s 529 plan, Edvest. West Virginia’s plan, Smart 529 WV Direct College ...
529 plans are named after section 529 of the Internal Revenue Code — 26 U.S.C. § 529. While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for ...
In January, T. Rowe Price will drop the program management fee on most of its 529 plans to 0.13 percent from 0.2 percent, though there’s an additional fund management fee of up to 0.68 percent.
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