Sep 3, 2024 · You want to save for your child's college, but where? Most people choose one of two options: an Education Savings Account (ESA) or a 529 plan.

Nov 22, 2024 · A 529 plan is a tax-advantaged account that can be used to pay for qualified education expenses, including college, K–12, and apprenticeship programs.

Ideal as a supplement to a 529 plan, an education savings account (ESA) helps you pay for education expenses from kindergarten through college, and withdrawals are tax-free when used for eligible expenses.

Explore our range of consumer and professional tools to simplify your college savings journey. Get personalized college cost and 529 savings estimates, and calculate monthly contributions. Customize your 529 plan comparison by selecting the features that matter most to you.

A 529 plan is a college savings plan sponsored by a state or state agency. Savings can be used for tuition, books, and other qualified expenses at most accredited colleges and universities.

Jan 9, 2025 · These state plans offer college savers a solid combination of low costs, good benefits and a proven track record of investment performance. After all, these are three big things you should be...

With an Education Savings Account (ESA), you can invest in the future of a child — tax-deferred and federal tax-free for qualified distributions for elementary, secondary and higher education expenses.

Explore your options and find an education savings account that best fits your needs to pay for college expenses for your child, a family member, or yourself.

Jan 27, 2025 · There are two primary 529 plans: education savings plans and prepaid tuition plans. Also known as 529 college savings plans, these are tax-advantaged investment accounts designed for education savings. They work much like a Roth 401 (k) or Roth IRA by investing your after-tax contributions in mutual funds or similar investments.

Jun 25, 2024 · Accounts designed for education savings (such as 529 plans and Coverdell Education Savings Accounts) can potentially provide tax advantages when used for qualified education expenses like tuition or certain school-related expenses like books, supplies, computers, and room and board.