what is the best way for savings for childrens college? What is the 529 plan? Whaich 529 plan is best?

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what is the best way for savings for childrens college? What is the 529 plan? Whaich 529 plan is best?

2006-06-08 15:19:41 · 2 answers · asked by armn2ka 2 in Pregnancy & Parenting ➔ Toddler & Preschooler

2 answers

Just start a savings account the the baby, that is what I did for my baby and she is a 1 1/2 and already has over 200.00 in the account. Not sure what a 529 plan but call the bank and ask questions.

2006-06-09 03:20:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋

529 plans are good, but which one is best will depend on your situation. Be aware that, in some states, the money is exempt from state taxes if the plan is located in that state and you go to a state school.

2006-06-09 23:01:57 · answer #2 · answered by sdc_99 5 · 0⤊ 0⤋