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What are 529 accounts? Savings account you can create for your children (or yourself) to be used for the purpose of education. Think of it as another index fund (if you choose to use the money you put in to track the S&P 500). The main advantage is money you contribute can grow tax-deferred. Every state offers at least one 529 plan. Many states in the USA even offer some sort of tax deductions for…
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