What Is a 529b Account?


A 529 plan is a tax-advantaged savings scheme that is tailored to promote saving for future university and college costs. Generally, it is a plan designed to promote saving for the future expenses that come with higher education. Such a plan can also be set up by any individual who will contribute to the plan on behalf of a specified beneficiary.
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The 529b College Savings Plan is an account into which people deposit funds to save for university-related expenses. The funds in a 529 college savings account ...
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