529 Saving Account Plans Could Put You At Risk
February 26th, 2008
Whenever you sign up with a prepaid 529 plan, you are usually backed up on your money. That means if something happens, the state will guarantee you your money back. However, the 529 savings account plans do not have this kind of guarantee. This means that you are putting yourself at risk by using this kind of account. There are many different benefits to having a saving plan, however, you can see that there are also some down sides to it as well. This can be found with just about any plan you choose to go with. So be sure to choose your plan carefully.
Entry Filed under: Finance :: Tax