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Bankrate

7 simple ways to maximize your 529 plan to help pay for college

By James Royal

“Every state sets a maximum account balance, and if your 529 reaches that limit, whether through contributions, investment growth or both, you won’t be allowed to make any more contributions to it,” says Corbin Blackwell, a certified financial planner at Betterment.

Blackwell notes that savers should be sure to claim any available state income tax deductions.

Read the Original Article

This article originally published August 13th, 2019 on Bankrate