Advice for Parents Considering Opening a 529 College Savings Plan
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Perform routine reviews. It’s advisable that the account owner routinely reviews his or her account to determine if the risk tolerance or life circumstances have changed. Events like having another child or a change in job status can have an effect on how much you can afford to save.
Established to make higher education more financially attainable, College Savings Plans Network is a national nonprofit association and the leading, objective source of information about Section 529 College Savings Plans—one of the most popular, convenient and tax-advantaged ways to save for college. An affiliate of the National Association of State Treasurers, CSPN brings together administrators of 529 savings and prepaid plans from all 50 states, as well as their private sector partners, to offer convenient tools and objective information to help families make informed decisions about saving for college. For more information, visit CollegeSavings.org.
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