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College costs: five years to go

If you have five years or more before your teen enters college, consider these savings and investment plans:

Education IRA
An Education IRA (Coverdell Education Savings Account) can grow tax-deferred and withdrawls are tax free for qualified distributions. There are contribution and distribution limits.
Section 529 College Savings Plans 1, 2, 3
"529s" may be one of the best plans for the typical student. These accounts allow a variety of contribution sizes and investments can grow tax-deffered. When funds are withdrawn, growth is tax-free if used for qualified college expenses.
Mutual Funds 2, 3
A mutual fund is a pool of investments managedError 500: com.farmers.farmcomm.navigation.DynamicNavigation (initialization failure)