There’s more good news when it comes to choosing a 529 college savings account: You’re not limited to your own state’s plan. You can shop around for a 529 that offers the lowest fees and the best investment choices, allowing you to squeeze as much as possible out of your dollars.
How does a college savings plan work?
College savings plan. This plan works similarly to a Roth IRA or Roth 401 (k) that you use to save for retirement. You invest after-tax dollars into a variety of options, such as mutual funds and exchange-traded funds. The value of your investment will increase or decrease based on the performance of your investments.
What is the uFund college investing plan (Massachusetts)?
Terms apply. The U.Fund College Investing Plan (Massachusetts) is a direct-sold education savings account that’s managed by Fidelity Investments and that invests in Fidelity mutual funds. There are both age-based and static investing options, as well as an interest-bearing deposit account.
