A 529 plan, operated by a state or educational institution, comes with tax advantages and potentially other incentives to make it easier to save for: There are two basic types of 529 plans: prepaid tuition plans and savings plans....
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529 Plans: Know the Basics There are two kinds of 529 plans: prepaid tuition plans and savings plans. Prepaid tuition plans (available in only nine states) allow you to pay current tuition rates for future attendance at designated colleges...