529 Plans FAQ

FAQ: 529 College Saving Plans

As college tuition costs continue to increase, parents should consider the flexibility and tax advantages inherent within 529 plans.

These tax-advantaged savings plans allow individuals and families to set aside funds for a given beneficiary’s education needs. 529 funds grow tax-free as long as distributions are used for qualified education expenses. Continue reading on MFA’s Wealth Management website for commonly asked questions about 529 education savings plans.


Timothy Hole

Director of Financial Planning

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