Now is as good a time as any to start thinking about your children’s future. College costs continue rising each year and if you save up for higher education costs when they are already in high school, it may already be too late. To help parents save up for their children’s pursuit of higher education, 529 college plans have been developed. These plans are based from Internal Revenue Code section 529 where tax advantages are awarded to individuals or families who invest early for their children’s higher educational needs.
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