529 college savings plan

A type of investment plan that allows families to save for future college costs and withdraw investment earnings tax-free to pay qualified expenses, including tuition, room and board and supplies. The future value of an account is based on the performance of the investments chosen for contributions. Many plans offer a variety of investment options, including stocks, bonds and cash reserves. Most 529 savings plans are open to residents of any state. Among college savings options, 529 plans are popular because they offer the greatest combination of high contribution limits, investment flexibility and tax advantages. Source: Vanguard.com

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529 College Savings Plan

One of these tax-free college savings plans might be exactly what you need to help your kid through school. Although each plan is sponsored by a state, you don't have to live there, or ever enroll there, to take advantage of the very best 529 plans in the entire country.

5 Reasons to Open a Roth IRA Now

This individual retirement account provides tax-free income after you’ve retired and a lot of flexibility to make penalty-free withdrawals between now and then.