An index fund is a mutual that selects the stocks or bonds in it based on how much each stock or bond is worth.
A collection of stocks, bonds, or both. A mutual fund can have anywhere from a few stocks/bonds or thousands. A target date index fund might have thousands of stocks that represent nearly all companies in the world and thousands of bonds issued by companies and governments. Mutual funds make it is to invest and reap the rewards of the global economy.
An investment account that allows your money to grow tax-free for college. When you withdraw your money, you don’t owe any taxes.