Lanu Benegra`s Blog Site

Okay, so you’ve done some research and have decided that you are going to set up a 529 College Tuition Plan. You know there are two types, a prepaid plan and a savings plan. Lets talk a bit about the savings plan. A 529 savings plan is open to anyone, there are no restrictions on which schools you can attend. You can contribute much more annually to a savings 529, up to $250,000 in some states. These plans are easy to set up and manage, also account holder is in charge of deposits and withdrawals, not the person who is to benefit from the 529. The downside to the 529 savings plan is that they are dependent upon the stock market. You can have a loss with this plan.

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