Learning Library Quick Answers Investment Planning

Can the owner of a 529 College Savings Plan account close the account and take back all of the money?


Answer: Yes. The owner of a 529 College Savings Plan account can withdraw all the funds in an account at any time. This will lead ....

Can you change investment options once they have been selected for the 529 College Savings account?


Answer: The investment option chosen for a College Savings Plan account can only be changed once each year. However, each time a n....

Can you pay off Stafford Loans with a 529 plan without incurring penalties?


Answer: No. It would be a non-qualified expense subject to tax and penalty on the earnings.....

Do 529 prepaid tuition plans work the same as 529 college savings plans in regards to education tax credits?


Scenario: Client has a prepaid TAP 529 account. The client has a fully funded prepaid 529 and is a business owner.Do prepaid tuiti....