Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans for Sibling College Funding
Most parents assume a 529 plan is strictly tied to one beneficiary, but that assumption can cost families thousands in lost tax efficiency. In this episode of The College Savings Podcast, Lucas and Luna break down the often-overlooked strategy of using a single 529 account to fund multiple children’s education costs. We explore how recent IRS regulations have made it easier than ever to roll over funds between siblings without penalty, and we look at the specific mechanics of changing beneficiaries to include younger relatives. If you are saving for more than one child, or if your first…
The skinny
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