Zina Kumok is a freelance personal finance writer based in Indianapolis. She paid off her own student loans in three years. She also offers one-on-one financial coaching sessions at ConsciousCoins.com ...

529 plans are a tax-advantaged way to save for higher education, but the penalty for making non-qualified withdrawals can be a huge headache for those who don't use all the money they've accumulated ...

In this segment of Ask The Hammer, Jeffery "The Buckinghammer" Levine answers this reader's question: "What are some of the tax consequences when making a withdrawal from a 529 plan? And how can I ...

・Some families use a 529 plan for only the tax benefit, by simply running funds through they'd normally pay for qualifying education benefits, and not investing. ・States like Montana, Wisconsin, Utah, ...

It's just about move-in day for many parents sending their kids off (or back to) college, assuming the COVID-19 pandemic is not delaying their return to campus. Either way, tuition bills have no doubt ...

"With a little planning, making withdrawals can be something to celebrate, not just something to fear," said Smitha Walling, Head of Vanguard's Education Savings Group. Here's a look at other stories ...

Why Should I Use a 529 Plan? A 529 savings plan offers a tax-advantaged way to pay for education. Federal and state-level tax breaks, deductions, and credits are available, depending on where you file ...

Q. I’m the mother of a 10-year old who attends a private school in New Jersey. We opened a 529 plan in New York state. New Jersey allows for using a 529 plan to pay for K-12 tuition but New York does ...

Please note: Many 529 College Savings plans now have a digital distribution option (electronic ACH) which saves time and improves transparency with real-time payment tracking. When requesting a ...

What are the investment options available in a 529 college savings plan? Is it like a brokerage account? While 529 plan offerings differ from state to state, the basic structure is similar. All plans ...