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.

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Timothy Hole

CFP®, CIMA®
Director of Financial Planning

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