Investor Glossary-529 planInvestor Glossary-529 planInvestor Glossary-529 planInvestor Glossary-529 planInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

529 Plan

The HTML to link to this page
 

A 529 plan is an education savings plan overseen by a state or educational institution. It is designed to help people save money for college expenses. Named for section 529 of the Internal Revenue Code, the 529 plan offers income tax breaks--the money in the 529 plan grows tax free, and withdrawals used for college expenses are free of federal taxes. The funds in a 529 plan are managed either by the state treasurer's office or an investment company. There are two types of 529 plan--prepaid and savings. A prepaid 529 plan allows a person to lock in present tuition prices for future use. A savings 529 plan allows one to invest over several years and have more investment flexibility.



Rate this 529 Plan definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: current ratio, quality assurance, labor relations, Key Rate Duration, 1031 exchange, APR, 1035 exchange, open position, LIBOR, phantom income, minority interest, retained earnings, option premium, deferred revenue, class C shares, balance sheet, stock market close, stock split, irrevocable trust, margin rate, average price per share, cancelled check, in escrow, risk management, inflation, FTSE, dividends payable, command economy, required rate of return, Zero Cost Collar, ex-dividend, implied volatility, limit order, 144a, debt service coverage, reverse mortgage, diluted share, wholly-owned subsidiary, per diem, real GDP, covered put, EBITDA, 401a, liquidity ratio, FICO score, ex-dividend date, annual return, VIX, deferred tax


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use