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You don't need to be a parent to know that saving for a child's education is important (and getting more expensive every year). According to the College Board's "Trends in College Pricing 2021"...
After years of investing in your children’s college education, you’re ready to reach into your 529 college savings plan and send your kid off to the best years of his or her life. But while ...
When you withdraw the money from your 529 plan, you should use it on education expenses in that same calendar year. Otherwise, you’ll be making an unqualified withdrawal that will cause the IRS ...
In the meantime, you can leave the money in the 529 plan. And if you want to help the beneficiary prepare for retirement, you can always make direct contributions to an IRA in that individual's name.
Opening a 529 plan allows parents to achieve tax-free college savings for their children. Here are answers to five common questions about how to spend money from 529 college savings plans.
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