529 Plans – A Flexible Way to Invest for College
529 plans have come to be well known for the benefits they provide when saving and investing for college. In that respect, they are a useful tool for any parent, grandparent, relative, or friend saving and investing on behalf of a child who is planning to pursue higher education. Less well known are the ways the tax benefits of 529 plans may be used to aid in estate planning — uses that might be of interest to individuals whose primary investment concerns include planning an education legacy in addition to saving for college.
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