Day: August 16, 2023

529 College Savings Plan – Options for Unused Balances

Qualified tuition plans, more commonly known as “529 accounts,” are tax-advantaged savings accounts designed to help families save for future education expenses. These accounts are named after Section 529 of the Internal Revenue Code and are sponsored by states, state agencies, or educational institutions.  529 plans come in two forms: prepaid tuition plans and college savings…

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