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To get started with your cash advance and save time when you get to the branch, [link widoczny dla zalogowanych] Online loans are convenient but can also put you into unwanted debt if you cant pay it at the end of the month. Bill plans to stretch those benefits even further by depositing them in a state-sponsored 529 college-savings plan. By contributing to a 529, he'll be able to use the earnings and distributions tax-free to pay for tuition, books, fees and other qualified expenses. If the child received $500 a month, for example, and the account earned an average 5% annual return, the college fund would be worth about $175,000 in 18 years. Depending on where you live, you may also qualify for a state income-tax deduction on your 529 contribution.
Income proof Salaried Individuals [link widoczny dla zalogowanych] Factset: FactSet Research Systems Inc. 2015. All rights reserved.
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