An Introduction to 529 Plans What is a 529 plan? There are two types of 529 plans: pre-paid tuition plans and college savings plans. All fifty states and the District of Columbia sponsor at least one type of 529 plan. In addition, a group of private colleges and universities sponsor a pre-paid tuition plan.
College savings: a 529 Plan // prepare for covering a part of your child's education costs with a 529 plan, it allows you to save for her college tax-free. this infographic shows how it works. $180,000
529 College Savings VS IRAs: Why Your Children Should Have BOTH
What’s the best way to save for a child’s education? We compare three options–a 529 Plan, a Roth IRA, and a taxable account. Is it better to save for a child’s college education with a 529 plan or a Roth IRA? That’s the question that Dan, a listener to the weekly Dough Roller Money Podcast …