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    gs vehicle of choice and offer important advantages over other options. A $3,000 annual contribution, beginning at birth, to a growth-oriented 529 plan shoul
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    If you're like most parents, saving for your children's college education is a priority and a big challenge. Tuition and related costs at both public and private universities have been rising at 5% per year or more, far exceeding the rate of inflation. To put that into perspective, a child born in 2006 should plan on $110,000 in total expenses for four years at the average in-state public college; $300,000 for four years at a private university.

    Financing these costs for one or more children is going to take planning and, most importantly, disciplined savings. Tax-advantaged "529” College Savings plans are the savings vehicle of choice and offer important advantages over other options. A $3,000 annual contribution, beginning at birth, to a growth-oriented 529 plan should

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    vate universities have been rising at 5% per year or more, far exceeding the rate of inflation. To put that into perspective, a child born in 2006 should plan on $110,000 in total expenses for four years at the average in-state public college; $300,000 for four years at a private university.

    Financing these costs for one or more children is going to take planning and, most importantly, disciplined savings. Tax-advantaged "529” College Savings plans are the savings vehicle of choice and offer important advantages over other options. A $3,000 annual contribution, beginning at birth, to a growth-oriented 529 plan shoul

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    n on $110,000 in total expenses for four years at the average in-state public college; $300,000 for four years at a private university.

    Financing these costs for one or more children is going to take planning and, most importantly, disciplined savings. Tax-advantaged "529” College Savings plans are the savings vehicle of choice and offer important advantages over other options. A $3,000 annual contribution, beginning at birth, to a growth-oriented 529 plan shoul

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    costs for one or more children is going to take planning and, most importantly, disciplined savings. Tax-advantaged "529” College Savings plans are the savings vehicle of choice and offer important advantages over other options. A $3,000 annual contribution, beginning at birth, to a growth-oriented 529 plan shoul
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    gs vehicle of choice and offer important advantages over other options. A $3,000 annual contribution, beginning at birth, to a growth-oriented 529 plan should pay for one child’s in-state public education, and a $7,500 annual contribution for a four-year private education. A later start means higher annual contribution amounts.

    529 Plan Advantages

    - Large Tax-Free Contributions: Parents, grandparents, other relatives and even friends can contribute up to $12,000 per year per child, tax-free, to a 529 plan.

    - Tax-Free Earnings and Distributions: All earnings in a 529 plan are tax-free. Distributions are free from all federal income and most state income taxes when used for tuition or other qualified college expenses. This makes 529 plans as powerful as

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