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The question is whether this is a good idea and if it will save you money.
When would a Roth IRA be a better choice thanusing a 529 account?
Heres what it’s crucial that you know to make that decision.
These accounts offer you tax advantages if you are saving for college and other forms of education.
However, 529 accounts have some limitations.
Therefore, your child may be more likely to get financial aid if you save in a Roth IRA.
With either account, your investments will grow tax-free.
However, there aresome key differenceswhen it comes to withdrawing your money.
Does that outweigh the benefit of tax-free withdrawal with an IRA?
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