Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using Your 529 Plan for Your Child's Medical Residency Costs
Episode 55 of The College Savings Podcast explores a little-known 529 strategy: using tax-advantaged funds to cover costs during medical residency. Lucas explains the IRS rules behind qualified medical residency expenses, including licensing fees, travel for interviews, and relocation costs. Luna questions the eligibility of residency stipends and whether the plan can be used for board exam fees. The hosts discuss a real-world case: a family in Ohio who redirected unused 529 funds to support their daughter through a four-year internal medicine residency, saving an estimated $18,000 in taxes…
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