Saving for a child’s college education early and often is smart. What’s even smarter is investing the money in a 529 college savings plan for your child, grandchild, godchild, niece or nephew, cousin or even a friend’s child, regardless of what state the child lives in or where he or she plans to go to college.
That’s because money in a 529 plan can be used for all qualified higher education expenses, has tax advantages, is professionally managed and may benefit from years of compounded growth. Plus, opening an account is easy and provides the account holder with options.
Learn more about college savings strategies and 529 plans managed by OppenheimerFunds by visiting: