| 529 Plan | |
 A plan that allows for the prepayment of qualified higher education expenses at eligible educational institutions. Also known as a "qualified tuition program." |
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 The prepayment may be in the form of a contribution to an account established specifically for paying higher educational expenses. There is no income restriction for individuals who want to contribute to a 529 plan; however, because contributions cannot exceed the amount that sufficiently covers the expenses of the beneficiary's qualified higher education, individuals should take care not to over-fund the 529 plan. |
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 Introductory Tour through Retirement Plans - Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it. Choosing The Right Type Of 529 Plan - Before you fund one of these education-savings vehicles, be sure you know their differences. College Savings Plans - School Yourself Before You Invest - Do your homework and know what to look for when investing in a 529 plan. |
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