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College and University Discussion
Reply to "DD is in 9th grade, is it too late to start DC 529 plan?"
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[quote=Anonymous]If you can get some tax savings for the contributions (which requires using your states plan) then it is probably worthwhile. At this point you want your investment to be pretty safe (e.g., the Fund for College in the MD plan) since college is only four years away so you probably won't get huge gains so there isn't a big advantage to tax protecting the gains. On the other hand it's easy to set up and easy to get the money out so no real reason not to do it.[/quote]
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