The risk is because those funds are not covered by Federal government insurance, such as FDIC. IMO, the risk at Edward Jones is really vanishingly low! I have my retirement totally there.
A 529 account is an investment account, not a cash account.
the 529 buys mutual funds, if the funds value tanks so does your 529
It is tax free but when you invest in mutual funds they CAN lose value.
Because you could buy mutual funds with it, and that disclaimer is always attached to them.
I don't understand…Am I purchasing mutual funds? I thought a 529 just allows you to save money and then use it tax free. Can someone please explain this?
