A 529 plan is a powerful tool to help your savings keep up with the rising cost of education. There are two types: a prepaid account, which allows you to purchase future tuition credits at a university at today's prices, and an investment account. MORE: https://www.wthr.com/article/money/whats-the-deal/grow-your-money-with-a-529-plan-whats-the-deal-savings-college-education/531-ed7b227c-c5bf-432f-8844-0c63e77522d1