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| 529 College Funds |
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For many parents, sending a child to college is not only a lifelong dream, it is also one of the biggest expenses they'll ever encounter. 529 Plans, named after Section 529 of the Internal Revenue Code, may help you fund a child's education and gain tax advantages along the way.
One of the benefits of a 529 is that as a participant, you maintain control of your 529 Plan account. This means those assets are yours if the child doesn't use them for college. |
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| What all 529 plans offer: |
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- Tax-deferred growth of any earnings
- Withdrawal of assets for certain qualified higher education expenses such as room, board, tuition, and books federal income tax free
- No income or residency restrictions; virtually anyone can open a 529 Plan account
- Proceeds can be used at most accredited colleges and universities nationwide
- Potential estate and gift tax advantages
- Participants permanently control the account assets, even after the beneficiary turns 18
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| Fidelity Advisor 529 Plan: |
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| Alliance Bernstein College Boundfund: |
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