College/Child Savings
529 College Savings Plan: A 529 plan is a tax-advantaged investment vehicle in the United States designed to encourage savings for the future higher education expenses of a designated beneficiary. 529 plans can provide tax-deferred growth of earnings and potential state tax deductions. Investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax-free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
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