Ask Ryan and Hannah: What to Do with a 529 Plan If College Isn’t the Plan (DF#189)
Join us as we dive into the topic of managing funds in a 529 plan.
We address a question from a parent who is uncertain about how to handle the money in their child's savings plan if college is not pursued.
What You’ll Learn:
- Exploring the tax advantages and qualified expenses associated with 529 plans
- Discussing options such as changing beneficiaries, rolling over funds to a Roth IRA, or using the funds for education paths like trade schools or apprenticeships
- Highlighting the implications of withdrawing funds from a 529 plan, including tax penalties and advice from financial…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.