529 College Savings Plan
A financial account that allows you to save and invest money for the purpose of paying for education expenses, from K-12 to college and trade schools.
There are two types of 529 plans, one is a tax-advantaged investment account when withdrawals are used for education expenses, and the second lets you prepay for college tuition at today's prices.
529 plans are a popular college fund for kids that help lower college costs.
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