The 529 plan is a type of __ plan.

2 answers:

Elena-2011 [213]3 years ago

6 0

"Qualified institution plans"=529 plan.
The 529 plan is like a code of the "internal revenue"Well let me just say there's two 529 plans>>Prepaid institution plans and college savings plans.Well i hoped this helped..

Ilya [14]3 years ago

4 0

Answer:

The 529 plan is a type of tax-advantaged saving plan.

Explanation:

This type of plan is designed to help saving for the future education.

Their legal name is “<em>qualified tuition plans</em>,” and they have been authorized by Section 529 of the <em>Internal Revenue Code</em>.

The two types of these plans that exist are:

Prepaid tuition plans: The saver buys credits in public colleges and universities for future compulsory enrollments. Its advantage is that the price paid is the current price.

Education savings plans: They allow opening an investment account for future education expenses of the person requesting it.

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