For most parents, paying college tuition out of pocket is simply out of the question. If you’re one of those parents, you probably know what a 529 Plan is: named after Section 529 of the Internal Revenue Code, these investment vehicles allow you to sock away money for education expenses in a tax-advantaged way. Your earnings accumulate tax free and, if used for qualified educatione expenses, withdrawals are tax-free, as well. But choosing a 529 Plan is no simple thing and many investors don’t have a full understanding of how these things work. mint.com give you the basics in this infographic.via www.mint.com
Note: If you read this via Email or Feed-reader click Permalink below to download bigger image.