The Pros and Cons of 529 Prepaid College Tuition Plans ...Middle East

As the cost of higher education continues to soar, many families find themselves grappling with the daunting task of saving for their children's future academic endeavors. 529 plans are a popular—and potentially powerful—option for college savings. Put simply, 529 plans are tax-advantaged education savings vehicles, where the funds are for college only. However, like any financial instrument, 529 plans come with their own set of advantages and limitations. How 529 plans workA parent, grandparent, or any other individual can open a 529 account and name a beneficiary (usually a child or grandchild). The account owner can contribute money to the 529 plan. Usually states offer tax deductions or

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