Saving

Kickstart Your College Fund with a 529 Plan

 

Kickstart Your College Fund with a 529 PlanIf you’re looking to save money for college, one option to consider is a 529 college savings plan. Created over 20 years ago and named after the section of the tax code that governs them, 529 plans offer a unique combination of features that have made them the 401(k)s of the college savings world.

 

How do 529 plans work?

 

529 college savings plans are individual investment-type accounts specifically made for college savings. People at all income levels are eligible. Plans are offered by individual states (you can join any state’s plan) but managed by financial institutions designated by each state.

 

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