529 Plan
A tax-advantaged account designed for saving toward education.
A 529 plan grows tax-free when used for qualified education expenses, and many states offer a tax break for contributing. It's purpose-built for school costs, which makes it a natural complement to a more flexible UTMA for a child's overall savings.
Explain it to your kid
"An account made for saving toward school."
Want to go deeper? 529 plans explained.
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