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Like other types of savings accounts, earnings are usually a function of time You can open a 529 for anyone. A 529 plan which is set up while the student is already enrolled in college or in other postsecondary education may not accrue enough earnings to be of immediate benefit.

A 529 plan is a college savings plan sponsored by a state or state agency What is a 529 plan and how does it work Savings can be used for tuition, books, and other qualified expenses at most accredited colleges and universities.

Once viewed narrowly as college savings tools, 529 plans have significantly evolved over the years

What is a 529 plan How to open a 529 account 1 Select a 529 plan before you can open a plan, you’ll need to decide which one is right for you You can choose from two types of plans

Learn how to contribute to a 529 plan, how it works, and the pros and cons. A 529 college savings plan can provide tax benefits and flexibility to help you invest for future education expenses Open a 529 account with merrill today.

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