Fiction: The only way to save for a child's education is to utilize a 529 college savings plan.

Fact: There are a number of ways to fund a child's education, including trusts, individually titled accounts, prepaid tuition plans, savings bonds, and educational savings accounts. Although 529 plans have gained popularity in recent years, the right solution for you and your family depends on your situation and goals.

529 plans involve investment risk, including the possible loss of funds. There is no guarantee a college-funding goal will be met.


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