529 College Savings Accounts

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College Savings Accounts are an alternative form of 529 education plan that is also an effective savings tool for college.

They differ from the prepaid tuition plans in several complementary ways and are ideal for parents who want a savings account that can increase in value faster than the annual increases in tuition.

A 529 savings plan is essentially an investment account that receives special tax benefits if the earnings are used to cover education expenses.

Advantages of 529 College Savings Plans:

Disadvantages of 529 College Savings Plans: