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529 plan

State-sponsored tax-advantaged account for education expenses, K-12 or college.

Why it matters

Contributions grow tax-free when used for qualified education expenses. Many states offer a state tax deduction. Under SECURE 2.0, up to $35,000 of unused 529 funds can be rolled to a Roth IRA for the beneficiary (subject to conditions).

Educational only — not financial, tax, or legal advice.