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What Is a 529 Plan?

By Robin Hartill, CFP – Updated Oct 24, 2024 at 5:00PM

Key Points

  • Investing in a 529 plan can mitigate the impact of rising college costs.
  • 529 plans offer tax-free distributions if used for qualifying educational expenses.
  • Choosing an age-based 529 plan investment can safeguard against market volatility.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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