A 529 plan is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary.
Read more about 529 Plan: Overview, Use For Qualified Education Expenses, Advantages, Disadvantages, Deductibility of Losses, Gift Tax Considerations
Famous quotes containing the word plan:
“Who is the happy Warrior? Who is he
That every man in arms should wish to be?
It is the generous spirit, who, when brought
Among the tasks of real life, hath wrought
Upon the plan that pleased his boyish thought:
Whose high endeavors are an inward light
That makes the path before him always bright:
Who, with a natural instinct to discern
What knowledge can perform, is diligent to learn;
And in himself posses his own desire;”
—William Wordsworth (1770–1850)