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In Graphics: How Does a 529 Plan Work?
For most parents, paying college tuition out of pocket is simply out of the question: who has several thousand dollars every semester to send over to the Bursar’s office? This is where 529 plans com... e in, enabling you to save for education expenses in a tax-advantaged way. But choosing a 529 Plan is no simple thing and many investors don’t have a full understanding of how these things work. We give you the basics in this infographic.
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