Series 50: 529 Savings Plans

529 Savings Plans

529 savings plans allow savers to establish a tax-free investment account for a future student (beneficiary) to pay for eligible college expenses. Contribution limits are significantly higher than for prepaid tuition plans, typically in the $350,000 range overall. The holder of the account may select one of several investment portfolios, which the savings plan will manage for the account holder. These investments are not guaranteed by state governments and are not federally insured. In addition to enrollment and administrative fees, savings plans may charge asset management fees and, when purchased from a broker, may be ass