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Expectant and Postpartum Moms
Reply to "Savings Account for Baby?"
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[quote=Anonymous]We opened a 529. Most states offer them, and you don't have to use the state in which you live (although there may be tax benefits to doing so). They are easy to open (we ended up choosing Utah's and chose an index fund). When your child goes to college, you can use it to pay for tuition and other expenses. In the meantime, the investment grows tax-free. [/quote]
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