What is a 529 Plan?

Traditionally when saving for education, parents have turned to a 529 plan. They are tax-advantaged and available in all 50 states. Save this to refer back to 📌 Why we didn’t choose this route ⬇️#1. The rules around what qualifies for education expenses are strict. If you do need to withdraw funds or use them for noneducation-related expenses, you’ll incur a 10% penalty and owe taxes on any investment gains- and with the way we consume education changing rapidly, I don’t want to have any limita

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