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Why should you consider a 529 plan?

A 529 plan is a tax-advantaged savings account designed to be used for the beneficiary's education expenses. Use the money in your 529 for a wide range of college expenses at accredited schools nationwide in addition to tuition expenses for K-12, certain apprenticeship costs, and student loan repayments. 1

What is a 529 savings plan?

The 529 savings plans are more flexible, allowing beneficiaries to use the money at all qualified postsecondary schools, typically without a state residency requirement. He added that 529 savings plans allow owners to select investments for the account and to tailor the risk level to the appropriate time horizon.

Are 529 plans tax-free?

529 plans provide tax-free investment growth and withdrawals for qualified education expenses, but it's important to know and follow the plan rules for distributions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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