| 529 Plans allow your family to save for college with no income
restrictions, higher contribution limits, and tax-free qualified
withdrawals. You can choose from ultra-conservative to moderately
aggressive mutual fund portfolios. When a child is ready for college,
the entire account value (contributions and earnings) are received
tax-free.
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High annual contribution
limits. |
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Choice of investment options. |
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No family income
restrictions. |
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Will accept contributions
from family or friends. |
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Tax-free withdrawal to pay
for qualified expenses. |
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Gift contributions up to
$50,000 don't trigger federal gift tax. |
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Transferable between siblings/cousins. |
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