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Taking money out of your 529 Plan? Know these few tax things

5/19/2021

If you have children, you may be familiar with the 529 savings plan.

This is how it works in a nutshell.

You pick a plan (sponsored by states)
You contribute money
You invest the money
Your money grows tax-free
You use the money to pay for qualified higher education expenses
You don’t pay income on distributions if the money is spent on qualified higher education expenses

The forgotten retirement planning

5/5/2021

According to some surveys (like this one and this one), workers spend more time planning vacation than working on their finances.

If you ask me, getting your finances organized doesn't need to be on par with getting a root canal done. But still, there’s a lot involved for sure.

Taking money out of your 529 Plan? Know these few tax things

The forgotten retirement planning

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