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What is a 529 Plan? a. Allows you to put $2,000 a year, after taxes, into a bank account or other investments b. Contributions are

What is a 529 Plan?

a.
Allows you to put $2,000 a year, after taxes, into a bank account or other investments

b.
Contributions are made into pre-selected mutual funds, grow tax-free each year, and withdrawals to pay tuition are also tax free.

c.
Contributions are made into the stock market, where money grows tax-free.

d.
A type of federal loan program for college students.

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	a.	Allows you to put $2,000 a year, after taxes, into a bank account or other investments
	b.	Contributions are made into pre-selected mutual funds, grow tax-free each year, and withdrawals to pay tuition are also tax free.
	c.	Contributions are made into the stock market, where money grows tax-free.
	d.	A type of federal loan program for college students.