Business & Finance
Business and Finance
Business and Finance
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Best 529 Plans to Save for College 2024: Comprehensive Guide to College Savings
- Top-rated 529 plans in 2024 Top 10 529 Plans The best state 529 plans are state-run programs managed by brokerages, banks, and other financial ... plans as picked by Business Insider's editors ...
The article from Business Insider discusses the best 529 college savings plans for 2023, highlighting their benefits for saving for education expenses. It explains that 529 plans offer tax advantages, with earnings growing tax-free and qualified withdrawals for education costs also being tax-free. The article lists several top-rated plans based on factors like fees, investment options, and tax benefits. Notable mentions include the Utah my529 for its low fees and strong performance, New York's 529 College Savings Program for its tax benefits for residents, Illinois' Bright Start Direct-Sold College Savings Program for its flexibility and low costs, California's ScholarShare 529 for its wide array of investment options, and Nevada's The Vanguard 529 College Savings Plan for its low-cost index fund options. Each plan has unique features tailored to different investor needs, emphasizing the importance of considering state-specific tax benefits, fees, and investment choices when selecting a 529 plan.
Read the Full Business Insider Article at [ https://www.businessinsider.com/personal-finance/investing/best-529-plans ]
Read the Full Business Insider Article at [ https://www.businessinsider.com/personal-finance/investing/best-529-plans ]
