Look before you leap into a 529 planParents often wonder how to pay for college as soon as their baby arrives. To prepare for this daunting expense, some families want to start saving early for higher education. One savings option, referred to as a 529 plan after Sec. 529 of the Code, has become increasingly popular. In 2018, the total investments in 529 plans topped $328 billion (see “
College 529 Savings Plan Balances Hit an All-Time High,” by Jessica Dickler, CNBC, Sept. 25, 2018).
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