If you want to build a college savings fund the easy way then the best choice for now is the 529 account. But you have to know which one is the right account for you before you invest your money. You will be able to choose the best option for you and your child if you are aware of the intricacies of 529 accounts schemes before signing on the dotted line. There are two basic types of tax-free college savings plans, the Coverdell educational savings account and the 529 savings account. Each has advantages and disadvantages depending on the situation of the individual family.
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