One way to save for a college education is to invest in a
special college savings plan. These plans are known as 529
plans. They are plans “in which contributions are invested, and
grow based on their investment performance.” This plan is named
for Section 529 of the Internal Revenue Code. These college
savings plans come with their share of tax benefits. As well
they are offered by all 50 states in the U.S. Lets take a closer
look at the 529 plan. A 529 plan is made available by a state or
educational institution that is geared towards education
savings. It is offered by an educational institution or a state.
The plan was created to assist families in setting aside the
money necessary for their kids to attend university or college
in the future. These types of plans came into existence in the
year 1996. The money saved and invested in a 529 plan can be
used to cover tuition and other educational related costs at
state colleges as well as ones that are out of state. In other
words, if you live in Iowa and wan