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  2. New bill allows unused 529 college funds to become a ...

    www.aol.com/finance/bill-allows-unused-529...

    Beneficiaries of 529 plans will be able to roll over funds from their 529 accounts to Roth IRAs tax and penalty free. ... prepaid plans can only be used for tuition, not room and board ...

  3. Why Unused 529 Plan Funds Might No Longer Be a Concern With ...

    www.aol.com/why-unused-529-plan-funds-070000800.html

    The 529 plan must be open for at least 15 years before attempting the 529-to-Roth rollover. And funds deposited in the last five years and their associated interest are not eligible for this transfer.

  4. What is a 529 plan and how is it used? - AOL

    www.aol.com/finance/529-plan-used-175045824.html

    A 529 plan allows a participant to set up a tax-advantaged account to allow a beneficiary to use the funds for qualified education expenses. The participant deposits after-tax money in the account.

  5. Guaranteed Education Tuition Program - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_Education...

    Use of the funds invested in GET are restricted to tuition and other expenses associated with higher education (known as "qualified higher education expenses," e.g., room and board, books and supplies, mandatory fees, laptops and computer software). Units purchased must be retained for a minimum of two years before they can be used.

  6. Worried About Excess Funds in a 529 Plan? This Rule Could ...

    www.aol.com/finance/worried-excess-funds-529...

    Unused funds in a 529 plan can now be used to jump-start a child's retirement savings.

  7. 529 plan - Wikipedia

    en.wikipedia.org/wiki/529_plan

    529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...

  8. Room & Board transfers ownership to employees with stock plan

    www.aol.com/room-board-transfers-ownership...

    Golden Valley-based Room & Board has given its employees a seat at the table and transitioned the furniture company to an employee stock ownership plan. The move provides Room & Board's 1,100 ...

  9. 529-To-Roth IRA Rollovers: What You Need To Know

    www.aol.com/529-funds-now-rolled-roth-123846033.html

    A 529 plan is a college savings plan that provides tax advantages when used for qualifying purposes, similar to a Roth IRA or 401(k), except the money is used for education rather than retirement.

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