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How to start a college fund for kids?

If you’ll need the funds soon, you’ll likely want to consider scaling back on the risk,” Wood says. Another way to start a college fund for kids: You can buy savings bonds digitally from the Treasury at TreasuryDirect.gov. They're no longer issued in paper form.

Can a child invest money in a college account?

Your child will legally be able to use the money in the account – for college or anything else – when they turn 18. There's no limit on what you can invest, and of course, the money doesn't have to go toward college.

Can a 529 plan help my child pay for college?

With a 529 plan, your withdrawals are tax-free if used for qualified educational expenses. When it comes to helping your child pay for their college education, the astronomical cost of tuition can be overwhelming.

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