Blake works during the semester breaks for the family business and has earned $14,000 this past year. Any investment income above $800 would be taxed at the same rate as his parents who are in the top bracket. His parents have advised him to invest in a Roth IRA for Retirement Savings and a 529 plan for Educational Expenses next year. What are the benefits to following this strategy? Next year, Blake has the opportunity to work during the summer for his parents out of the country. What tax advantage does this have for Blake?