Choosing the Right Type of 529 Plan

Topics:
Accounting software,
Retirement
Tags:
Finance,
Investment,
Investopedia
Source:
Investopedia

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Overview: Since its creation under the Small Business Job Protection Act of 1996, the Section 529 plan has become much more popular than other education-saving vehicles such as education savings bonds and the Coverdell Education Savings Account. However, despite its popularity, there is still confusion, which has led some people to establish the wrong type of 529 plan. This paper highlights some of the significant features of two types of 529 plans and discusses the factors that will help one choose the plan that's right for them.

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Format: HTML | Date: Jul 2004 | Pages: 3

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