KBID 558 Date Created: 4/3/2003 Date Modified: 3/4/2022
Terms of Use 529 plans are one of the more popular options for families saving for their child's college education. Although the plans do differ from state to state, they are all exempt from federal income tax, giving you a real boost to your college fund.
It depends on your needs. In a nutshell, college savings plans give you more options but you assume more risk, while a prepaid tuition plan eliminates your risk but also limits your options.