You may know them as 529 plans, Qualified Tuition Programs, or QTPs. Whatever you call them, what they amount to is a way for you to help a son, daughter or grandchild pay for college. In short, 529 plans are investment tools designed to help families pay for future expenses associated with college or other qualified post-secondary training for a designated beneficiary, such as a child or grandchild. The fund can be used to help pay for such expenses as tuition, books, supplies, fees, and computer equipment. The plans are…
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