529 College Savings Plan - Cleveland 19 News Cleveland, OH

529 College Savings Plan

Cleveland, OH - It's never too early to start thinking about saving for college for your little one.

The 529 College Savings Plan lets parents save money for college - and get nice tax breaks!

The major benefits of this plan include:

1) Not paying taxes on the investment's earnings
2) You - not your child - has access to the account
3) If your child is lucky enough to earn a scholarship, you can withdraw the money without paying a penalty. 

 

 

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