[Video] What is a 529 plan?

http://www.savingforcollege.com/articles/video-what-is-a-529-plan-755

Whether you're a new parent, grandparent or a prospective student, a 529 plan can help you effectively save for college. Just like your retirement account, these investment vehicles combine the power of compound interest with federal tax benefits, creating the potential for substantial growth over time. And since they are administered by the states, you may also be eligible for additional state tax benefits. Families of all income levels can enjoy the benefits of 529 plans, with no annual contribution limits and monthly contribution minimums as low as $25. Enrolling is simple, just visit the plan's website or consult your financial advisor.

As you explore our site, you'll learn all of the ins and outs of these popular savings tools and how to maximize their value for your individual situation. But first, let's start with the basics. Here's a quick video that highlights why we feel 529 plans are the best way for families to save for college.