Planning Ahead

Saving For Education

Are there any income restrictions that I should be aware of?

No, the 529 plan does not restrict who may contribute to a plan by income.

Somewhat like an IRA, a college savings plan can allow you to save money before taxes in order to grow the fund more quickly. Then, when it is time for your son or daughter to move into the dorm, you can start making withdrawals for tuition and other education-related expenses.


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