Marketing & Communications Coordinator, Guaranteed Education Tuition
June 13, 2013
529 plans have significant advantages over other savings vehicles such as mutual funds, bonds or savings accounts. They allow you to maintain control over your asset and protect it from estate taxes. Plus, growth and withdrawals from a 529 plan are tax free when used for qualified higher education expenses. Another benefit of investing in 529 plans is that these assets are typically protected in bankruptcy filings.