A 529 might not be the right decision. (Photo: Shutterstock)

The 529 plan is no way for the poor and middle-income segments of the population to save up for college — in fact, they’re really designed to be of more help to those who make more money.

So says a report on the Huffington Post, which adds that not only do 529s benefit higher-income families more than those who make less, they’re little known among those on the low end of the income spectrum and too complicated for them to manage.

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