Rising tuition costs can make it difficult for even the most diligent of savers to cover 100 percent of a child’s college expenses. That’s why it’s important to plan for educational needs as early as possible. PNC Investments can guide you with an investment approach aligned with your situation and goals.
A 529 plan is a tax-advantaged investment vehicle designed to encourage saving for the future higher education expenses of the plan’s beneficiary. 529 plans are typically sponsored by states or state agencies.
A custodial account under the Uniform Transfers to Minor Act (UTMA) allows you to save for your child or grandchild's future higher education needs.
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