What are the requirements of a 529 savings plan?

1 Answer

Answer :

There aren't any requirements to get started. If you want to have your plan at a specific school, talk to a school officer to get started. If you want to start a general plan, talk to an authorized financial adviser in your state.

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Last Answer : If you are unaware, a 529 savings plan is a plan set up to invest money that will be used for college in the future. A 529 savings plan has several benefits. Perhaps the most well known reasons ... of the plans do not require you to make minimum monthly payments either. It is possible to set one

Description : If You Have Children You Need A 529 Savings Plan?

Last Answer : The cost of college tuition and related expenses is always onthe rise. One of the best ways to offset this expense is to investinto a 529 savings plan. A 529 plan is an investment account ... for the plans are set forth by the Internal RevenueService. Most plans offer incentives if the money is

Description : Could you explain how a 529 savings plan works?

Last Answer : A 529 Plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs.

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Last Answer : 529 Savings plans are designed to help someone save for college. Most 529 plans are state sponsored.

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Last Answer : The 529 plan has two types of plans, either the savings plan or the prepaid plan. The 529 plan lets you save for your child's education a lot easier. The 529 plan let's you save for many different colleges.

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Last Answer : Applying for a 529 college savings plan can be very difficult for most people to do since it is based on credit. The best way to apply is to simply contact your bank and ask for a credit application.

Description : Where can I find some tips regarding 529 savings plans?

Last Answer : The 529 college savings plan is an excellent tool for saving for your children's future. Financial guru, Clark Howard, offers numerous tips on 529 plans on his website at www.clarkhoward.com. Look ... savings program. You can find more information at http://www.sec.gov/investor/pubs/intro529.htm.

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Last Answer : Yes, 529 plans can be used for colleges that are located out of state. You can live in one state, invest in a second, and then pay to a school in a third even.

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Last Answer : Educational institutions can offer a 529 prepaid plan but not a 529 savings plan (the private-college Independent 529 Plan is the only institution-sponsored ...Educational institutions can offer a ... 529 savings plan (the private-college Independent 529 Plan is the only institution-sponsored ...

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Last Answer : Need answer

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Last Answer : If you move money from a 529 account into a Coverdell Education Savings Account, you pay taxes and a penalty. It is only tax free if you move money FROM a Coverdell ESA to a 529 plan.

Description : Where can I go to get some information on my 529 plan?

Last Answer : If you need information on a 529 plan you already have then you need to contact the bank that you have the account with. If you need info on 529 plans, then you can talk to a financial planner and your bank or an accountant. You can also check out www.savingforcollege.com/

Description : How much should I aim to save with a section 529 plan?

Last Answer : A section 529 plan is a great way to save for your child's future. Since tuition increases each year, it is hard to estimate how much an education will cost in 18 years. It is recommend by this ... put in as much as you can into the plan. www.kidsvt.com/education/penny-wise-saving-higher-education/.

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Description : A 529 plan apex?

Last Answer : answer: provides savings for a future college costs.

Description : A 529 plan apex?

Last Answer : answer: provides savings for a future college costs.

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Last Answer : I have found to get more than 1.5 % return on savings, you need a minimum of $10,000 to be invested.

Description : Can my sister open a 529 for our niece?

Last Answer : answer:Yes you can. You retain control of the money as well. If the child does not go to college, you, within some states and certain plans, should be able to roll that money ... to double check my information: http://money.howstuffworks.com/personal-finance/college-planning/financial-aid/529.htm

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Last Answer : Corpus Juris Civilis. (Also accept Code of Justinian.)

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Last Answer : What is the answer ?

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