Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plan Beneficiary Change Rules You Need to Know
In this episode, Lucas and Luna break down the often-overlooked rules around changing the beneficiary on a 529 college savings plan. Using a real-world example of a family in Virginia whose older child received a full scholarship, they explain the tax implications, potential gift tax consequences, and how the SECURE Act expanded options. They also clarify the difference between a beneficiary change and a rollover, and warn about common pitfalls like the generation-skipping transfer tax. A must-listen for any family managing multiple children's education funds or considering transferring…
The skinny
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