Period of investment and 529 education plans
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In order to get the maximum benefit from the 529 education plans that you invest in, it is necessary to get all the details about the lock-in period that your money has to be in, before you can enjoy the benefits. For instance, you can use the money from the 529 education plans only when your child gets enrolled in college or university. There is no way you can take it out on any other pretext. However, you can opt for the cash-out option if your child does not go to college. Either way the 529 education plans are good.