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A 529 College Savings Plan is typically a state-sponsored, tax-advantaged investment vehicle that allows parents, relatives and friends to plan and
invest for a child’s college education. The 529 College Savings Plan allows for significantly higher contributions than some other college investment options and can provide significant gift tax and estate planning benefits, too. Some proponents of Section 529 Plans say they are the best way to save for college. For some families, we agree. But for many families, we believe there’s a better way. A financial advisor who understands various college funding options, their tax benefits, and their affect on financial aid, can answer these questions and help you choose which of these options are right for you. Your financial advisor at Kenneth Jarvis, LLC can help you make the right choice. Get started now and "Ask A CPA." For your convenience, below are links to various states.
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