529 plan


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529 College Savings Plan

An account into which persons deposit funds to save for university-related expenses. The funds in a 529 college savings account are tax-deferred and, if used directly to pay for college, tax exempt at the federal level. They are sometimes exempt at the state level as well. The plan exists in an attempt to make post-secondary education more affordable. See also: IRA, 401(k).

529 plan

References in periodicals archive ?
The 529 Plan has grown by more than $120 million in the past two years; what do you attribute the growth to?
The House Ways and Means Committee's tax plan, released Thursday, expands the qualified expenses associated with a 529 college savings plan, which "may help to reduce parents' concerns" about limitations associated with the plans and make investing in a 529 plan "more palatable," according to Martha Kortiak Mert, chief growth officer for Savingforcollege.
2 billion being held in 529 plan accounts, an increase of 5.
A grandparent can set up a 529 plan for her grandchildren, great-grandchildren, or other generations of offspring.
Given exponentially rising college education costs, the appeal of these investment vehicles has been expanding such that now almost every state has multiple 529 plan options.
BANKING AND CREDIT NEWS-September 17, 2014--New survey tracks 529 plan savers in US
M2 EQUITYBITES-September 17, 2014--New survey tracks 529 plan savers in US
Among families that had opened 529 plans, the majority were happy with their decision, and 64% indicated a high degree of confidence in their current 529 plan.
They invest $6,000 a year in state A's 529 plan, putting the money into a stock fund; the Parkers also invest $4,000 a year in state B's 529 plan, using a bond fund there.
which provides credit-building services to businesses, announced plans to match, up to a certain amount, its employees' 529 plan contributions.
Most people know they can save for their children's college educations through a 529 plan, but what isn't so widely known is that 529s can be used to pay for adults to go back to school as well.
A 529 Plan is an education savings plan operated by the state or an educational institution.