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Why grandparents should set up 529 college savings plans

Por: MarketWatch Business July 20, 2023

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One smart way to do it: Opening and funding a . These are state-sponsored investment accounts that enable you to save money tax-free to pay for some or all of the college costs for a child, grandchild or other beneficiary. A new federal rule taking effect next year will make doing so even better.You can save a lot Helping your beneficiary foot that college bill and avoid student loans (current interest rate: roughly 5.5% to 8.0%) can be a huge... + full article



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