Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using 529 Funds for Your Child's Wedding
In this episode of The College Savings Podcast, Lucas and Luna explore a lesser-known benefit of 529 plans: using funds for your child's wedding. While weddings aren't typically considered education expenses, recent changes under the SECURE Act allow 529 funds to cover certain wedding-related costs if they occur within a specific timeframe and are tied to a qualified higher education expense. The hosts break down the IRS rules, including the 60-day rollover window for refunds, the tax implications of non-qualified withdrawals, and how to strategically plan a wedding that aligns with…
The skinny
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