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Tag: 529 Plans

January 1, 2025

Ready to Use Your 529 Plan?

As your college student heads off to campus, you may be wondering what expenses the 529 plan can cover versus which expenses are better paid out-of-pocket. Let’s take a closer look at expenses your student may encounter during their academic year and which of those qualify under your 529 plan. What Are “Qualified Expenses?” Qualified [...]

Heather Kessler
Contributions from: Heather Kessler, CFP®
529 savings plan

August 30, 2024

10 Most Common Questions About 529 Savings Plans

A 529 Savings Plan is a tax-advantaged account used to pay for qualified education expenses. Contributions are typically invested in target-date funds, which gradually shift toward a more conservative allocation as the beneficiary nears college age and will need to begin making withdrawals. You may be considering a 529 for your child, grandchild, or another [...]

Katie MietusHeather KesslerAlexandra Lambert
Contributions from: Katie Berntson, CFP®, Heather Kessler, CFP®, Alexandra Lambert

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