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News

February 8, 2015

The Tax-Smart Way to Draw ‘529’ Funds

 

If you have a college-tuition bill coming due this year and plan to pay it all with money from a 529 savings account, you might be missing out on some valuable tax benefits.

Americans are pouring billions of dollars into 529 college-savings plans—more than $221 billion was invested in these plans as of mid-2014, up from $52 billion a decade earlier, according to the Investment Company Institute, a mutual-fund trade group. More

 
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