529 Plans

The Coronavirus-Caused 529 Plan Tax Risk You Can't Ignore
college

The Coronavirus-Caused 529 Plan Tax Risk You Can't Ignore

With the coronavirus canceling college classes, you could be due a refund. But if you used 529 plan withdrawals to pay for tuition or room and board, …
April 8, 2020
How to Use a Grandparent’s 529 Account to Reimburse College Expenses
college

How to Use a Grandparent’s 529 Account to Reimburse College Expenses

Through timely withdrawals and good recordkeeping, a grandparent’s 529 college-savings plan can help families recoup money spent on college.
July 23, 2019
Raid the College Fund to Pay for K-12 Tuition?
savings

Raid the College Fund to Pay for K-12 Tuition?

Before you start using your 529 plan to pay private-school tuition, check with your state’s plan.
July 3, 2019
Should You Supplement Your Traditional 529 with a Private 529 College Plan?
college

Should You Supplement Your Traditional 529 with a Private 529 College Plan?

There are a few reasons to consider this strategy. One is if you think your child might want to go to a private school one day, and another is if you …
June 18, 2019
Saving for College: Are 529 Plans Worth It?
college

Saving for College: Are 529 Plans Worth It?

That's just one question to ask. But there are some other, more pressing, questions to ask first, including am I making a huge retirement mistake by h…
May 28, 2019

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The Best College Savings Strategy to Use
college

The Best College Savings Strategy to Use

A 529 college savings plan comes with many advantages, and the best way to harness its power is to start ASAP and front-load your contributions.
April 5, 2019
Paying for Continuing Education With a 529 Plan
college

Paying for Continuing Education With a 529 Plan

You don’t have to pursue a college degree to be able to use tax-free money from a 529 college-savings plan to pay for classes.
March 13, 2019
Using a 529 Plan for High School
investing

Using a 529 Plan for High School

You’re now able to withdraw up to $10,000 tax-free from a 529 plan each year for K-12 tuition.
March 7, 2019
How a Move Can Change Your 529 Plan Tax Deduction
college

How a Move Can Change Your 529 Plan Tax Deduction

The tax deduction you get for contributing to your state’s 529 plan can disappear if you move to another state.
February 26, 2019
Using 529-Plan Money for College Overseas
college

Using 529-Plan Money for College Overseas

If your son or daughter plans to attend college abroad, here's what you should know.
December 12, 2018
How a Grandparent's Help With College Tuition Affects Financial Aid
college

How a Grandparent's Help With College Tuition Affects Financial Aid

Before cutting a check for a grandchild's college tuition, make sure you review the impact it can have on the student's financial aid.
September 7, 2018
Back to School: What You Need to Know about College 529 Savings Plans
college

Back to School: What You Need to Know about College 529 Savings Plans

Do you know how much you’re able to contribute or what the funds could be used to pay for? How about how contributing affects your taxes? Check out th…
August 21, 2018
Using a 529 Plan to Pay for Private School
investing

Using a 529 Plan to Pay for Private School

Q. Can I use money in my daughter’s 529 college-savings plan to pay her private elementary school tuition?
August 2, 2018
How to Use a 529 Plan When Your Child Wins a Scholarship
college

How to Use a 529 Plan When Your Child Wins a Scholarship

Even if your child wins a full scholarship, you can use money from a 529 college-savings plan for things other than tuition without triggering taxes o…
July 31, 2018
What to Do With a 529 Plan When a Child Doesn't Go to College
college

What to Do With a 529 Plan When a Child Doesn't Go to College

Families can avoid taxes and a penalty on a 529 college-savings plan when a child develops a disability and likely won’t be using the money for colleg…
June 22, 2018
How a Grandparent's 529 Account Affects College Financial Aid
college

How a Grandparent's 529 Account Affects College Financial Aid

Distributions from a grandparent-owned 529 savings plan could reduce a grandchild's financial aid. But using one of these strategies can limit the imp…
May 9, 2018
Shopping for a 529 Plan for a Grandchild
college

Shopping for a 529 Plan for a Grandchild

When searching for a 529 college-savings plan for a grandchild, first check whether your state offers a tax break for your contributions.
April 17, 2018
What to Do With Leftover Money in a 529 College-Savings Plan
college

What to Do With Leftover Money in a 529 College-Savings Plan

There's no time limit for spending money in a 529 college-savings plan, so leftover dollars in an account can be used by other family members now or b…
March 2, 2018
529 Savings Plans Have More Uses -- But States Need to Catch Up
taxes

529 Savings Plans Have More Uses -- But States Need to Catch Up

The new federal tax law allows families to use 529 college plans to pay tuition for kindergarten through high school. But doing so before state laws a…
February 7, 2018
2018 Could Be Grandparents' Year to Pump $150,000 into 529 Plans
college

2018 Could Be Grandparents' Year to Pump $150,000 into 529 Plans

Parents can now use 529 college savings plans to pay for K-12 private school tuition. That could give grandparents added incentive to be extra generou…
January 25, 2018
College-Savings Plans Make It Easy to Give a Child the Gift of Tuition
college

College-Savings Plans Make It Easy to Give a Child the Gift of Tuition

Relatives can contribute to a child's 529 college-savings plan, and in many cases they can get a tax deduction on their gift.
December 1, 2017
The Best College Savings Plans, 2017
college

The Best College Savings Plans, 2017

These state-sponsored 529 programs offer tax breaks, low fees and well-managed portfolios.
October 20, 2017
A Deeper Dive into 529 College Plans
college

A Deeper Dive into 529 College Plans

If you're confused about the difference between 529 college savings plans and prepaid tuition plans and all their ins and outs, you're not alone. But …
August 25, 2017
Quiz: How Well Do You Know 529 College Plans?
savings

Quiz: How Well Do You Know 529 College Plans?

Do you know which kind of savings plan has no market risk? Do you know whether you'd lose money if your child didn't go to college? How about the rule…
August 2, 2017
What to Do With a 529 College-Savings Plan When a Disabled Child Can’t Attend College
college

What to Do With a 529 College-Savings Plan When a Disabled Child Can’t Attend College

Families can avoid the penalty when money in a 529 plan isn’t used for college if the beneficiary meets the IRS definition of disability. You have oth…
July 21, 2017