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What's the best way to get my kids started saving for college?
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The best way to start saving for your children’s college is to set up a 529 plan. A 529 plan is a tax-advantaged savings vehicle that allows you to save and invest in a variety of ways, including stocks, bonds, mutual funds, and other investments. Contributions are generally made with pre-tax dollars and withdrawals are tax-free when used for qualified higher education expenses. Additionally, many states offer state income tax deductions or credits for contributions to these plans.