How a 529 plan works?

These plans invest your contributions in mutual funds or similar investment choices available in the plan. You have several investment options to choose from, and the account's value will go up or down based on the performance of your investment choices. If used for qualifying expenses, you can take the money out tax free*.

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Find out how a 529 plan can help you cover educational expenses.

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It's always useful to learn a little more. Take a look at these helpful links.

* Earnings portion of the withdrawals will be subject to ordinary taxes plus 10% penalty if used for non-eligible expenses.
Securities are offered by properly licensed Registered Representatives of NYLIFE Securities LLC (Member FINRA/SIPC), a licensed insurance agency and a New York Life Company.