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In the event you’re the parent of a foreseeable future college college student, you have to preserve now, but tucking dollars absent inside of a cost savings account isn’t about to work. You need to invest it to stay ahead of inflation.
When you want to withdraw dollars from a 529 app
Even so, you might prefer to spread this sum after some time — for example, should you’d want to give the investments in the 529 strategy portfolio an opportunity to Get well from a marketplace downturn.
“Incidental charges aren't included by 529 programs,” claims Joyc