5. Later in life you may want to get married and have children. If you want to help your children pay for college the 529 Education Savings Plan is a good option. a. Whether or not you can save for your children's college and your retirement will depend on your pay. If you can only afford one of these options which do you choose? b. What are 529 plans and why are they so great (from the WSJ Saving for Education readings)? C. There are two main kinds of 529 plans. Explain each type of plan. Which option provides the greatest flexibility and why? d. Who are the potential users/beneficiaries of the funds invested in a 529 plan