Recommending 529 Plans: Meeting Reg. BI’s Care Obligation

Morgan Lewis
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529 Plans are state-sponsored investment programs that facilitate savings for qualified education expenses, including tuition, fees, room and board, and other education-related expenses. Unlike retirement accounts that penalize withdrawals prior to retirement age, 529 Plan funds are available for withdrawal without penalty as soon as the qualified expense is incurred, making them a potentially attractive way to save for college and other eligible education expenses.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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