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Each 529 plan has an account owner (typically a parent) and a beneficiary (the student). Most people associate these plans with saving money for their kids’ college education, but you can set up a 529 to pay for your own education. And you can even use the money in some 529 plans for K–12 tuition and apprenticeship programs too. There are no annual contribution or income limits for 529 plans. Anyone can contribute to a 529 plan—including parents, grandparents, aunts and uncles. They will, howeve
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