Independent 529 Plan
The Independent 529 Plan is an innovative program by which parents can save towards their children’s college education in advance. Unlike most traditional savings plans, Independent 529 Plan not only allows parents to prepay college and university tuition that can be applied to any member institution, it also provides a guarantee against the inevitable inflation of tuition. By using the Independent 529 Plan, students will have a choice of attending at some of the best colleges and universities in the country. Additional benefits of the Independent 529 Plan include it has “no start-up fees, no maintenance fees, and no annual fees—and is free from federal taxesâ€.Referenced Source(s):
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