Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans as a Down Payment Strategy for First-Time Home Buyers
In this episode of The College Savings Podcast, Lucas and Luna explore a surprising new use for 529 plans: saving for a down payment on a first home. With the SECURE 2.0 Act allowing penalty-free rollovers from 529 plans to Roth IRAs, and a handful of states now extending 529 benefits to include home buying, we break down the strategy, the tax implications, and the risks. Lucas explains how a family in Ohio or Pennsylvania might use a 529 as a dual-purpose vehicle—college savings that can pivot to a down payment if their child doesn't need the full balance. Luna asks the practical…
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