529 college savings plan

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It is well known that 529 plans are the best way to save for your child’s higher education expenses. 77% of parents who are saving for their child’s college expenses are using a 529 plan, according to the College Saving Survey by Savingforcollege.com. And with over 80% of parents wanting to pay for at least 50% of their student’s expenses, we all want to be prepared and start saving early. But what happens to your 529 savings if your child doesn’t go to college? Does a 529 plan make sense if…

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