Question

Sandra has a young child and would like to set money aside for her college education. Which type of savings option should Sandra choose?
money market account
treasury security
basic savings plan
529 plan

Answer 1

the answer would be a 529 plan.

Answer 2

Sandra has a young child and would like to set money aside for her college education. Sandra should choose a 529 plan. A 529 plan, is a qualified tuition plan for saving money towards future college tuition. By putting money into this type of savings account, there are tax breaks and other financial benefits for the family and student once that student is in college.