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Special Accounts

Special Accounts

The teacher cracked her whip against the chalkboard to get their attention. "This is it, people. The last thing you need to know for the 65. What are special accounts? Basically, these are education-related accounts that allow account holders to invest and grow their assets tax-deferred.

"The 529 savings plan allows an individual to save and invest money for any accredited higher education costs. The beneficiary of the plan does not have to be the individual who opened the account, or a child...

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