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system
clarification on 529 fund
user
yes, maybe.  the 529 is pretty cool in that you can open an account for yourself, and change the beneficiary as you wish, or not. in theory, one can start a 529 for children or grandchildren yet unborn.  back to you - a 529 is not deductible on your federal return. it grows tax deferred, and tax free if used for approved education. some states offer deductions depending on the state. there is a list of states that offer such a deduction.
assistant