Your 529 account can lose money. Most fund selections are not FDIC insured.
There are funds which are FDIC insured, many of them found in Target fund allocations. Most allocations, however, involve equities which can lose money. Be sure you can understand the risks involved with your selected investments.
Note that each state has helpful people to answer simple phone call general questions for free.
Jane doesn’t want to know much about where she is investing. She chooses a slightly higher fee account which includes the review and oversight of a knowledgeable financial advisor.
No statement or example on this site should be considered a specific recommendation for your personal situation. Investing and tax strategies each carry significant risks. Examples herein may not apply to your situation. Please consult your estate attorney, tax advisor, or financial advisor for personal advice.