COLLEGE SAVINGS 101

Nonqualified withdrawal

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Ask an Expert: Should I still use a 529 plan to save if I am unsure of my child's higher education plans?

Parents often delay opening a 529 account because of uncertainty regarding their child's plans for higher education. Marguerita Cheng of Blue Ocean Global Wealth explains how parents can still benefit from 529 plans even if their child doesn't end up needing the funds.

| 529 plan | | saving for college | | scholarship | | military | | withdrawal | | nonqualified withdrawal |
 

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