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Whether you're a parent or a grandparent if you have a child you want to see get a college education it’s important to do the research and then pick a 529 plan. You may find that your best option is your state's 529 plan but it might be another state's plan that’s open to out-of-state residents. The important thing is to pick one and get started making contributions – to ensure that when the child is ready for college the money is there to help pay for it.
If you'd like to know more about the pros and cons of a 529 savings account, here's a short video that explains them.