Tag Archives: open a 529 Plan

Things to know before you open a 529 Plan

While there are now more 529 plans, also known as Qualified Tuition Programs (QTP), available than ever before and they seem to be experiencing a significant increase in popularity, the United States Congress created them back in 1996. These flexible plans have many tax advantages and can be a great way to save for college for you. Your children, or your grandchildren. With all the advantages, there are some drawbacks and other details that you should keep in mind when determining whether or not a…

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