COLLEGE SAVINGS 101

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I withdrew too much 529 money. Now what?

What happens if you withdraw too much money from a 529 college savings plan? Learn how to avoid paying taxes and penalties and keep your savings intact.

| 529 withdrawl | | 529s | | |
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Tapping your 529 plan to pay bills

Taking money from a 529 plan can have serious tax consequences and penalties. However, the collapsing stock market may provide some positive aspects to those who choose to make a withdrawal. Here's what to think about as you examine your choices.

| 529 plan | | withdraw | | withdrawals | | money | | tax | | taxes | | pay bills |
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5 things to consider before doing a 529 plan rollover

Before you make any changes to your plan, ask yourself these five questions.

| Rollover | | 529 plan | | recapture tax | | 529 plans | | non-qualified withdrawal | | taxes | | Coverdell ESA |
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Avoid these 529 withdrawal traps

Once you've entered the "withdrawal phase," of your 529 plan, be sure you make the right decisions when tapping your 529 account. Here are six mistakes you'll want to avoid.

| 529 plan | | 529 plan withdrawals | | qualified expenses | | tuition | | tax benefits |
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The best way to withdraw 529 funds

It will soon be time to pay your bill for fall semester expenses! Here is some advice for how much and when to withdraw 529 plan funds, and also some tips on designating the distributee.

| 529 funds | | withdraw | | 529 plan | | money | | qualified expenses | | 529 plan withdrawals | | paying for college |
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8 common 529 plan mistakes to avoid

529 college savings plans are great investments, but they're not foolproof. This slideshow reveals eight of the most common errors people make when choosing, investing in, and withdrawing from 529 plans.

| 529 plan | | 529 plan withdrawals | | qualified expenses | | choosing a 529 plan | | fees and expenses |
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Can I use my 529 plan to buy electronics?

A question that’s been on the minds of families for some time now is whether or not “supplies and equipment” includes electronics such as computers, smartphones and tablets.

| 529 plan | | saving for college | | paying for college | | qualified expenses | | computers | | 529 plan withdrawals | | room and board |
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[VIDEO] What is a qualified expense?

These are all common questions we hear from families related to 529s.

| 529 common questions | | college savings | | withdrawal 529 | | qualified 529 expenses |
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Can 529 savings be used to pay for summer courses?

Taking summer courses is a great way for students to get ahead and possibly graduate sooner. And yes, you can pay for most summer classes with 529 savings and still maximize tax benefits. Here are a few things to consider:

| 529 plan | | paying for college | | 529 plan withdrawals | | qualified expenses | | summer school | | cost of attendance |
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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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Ask an expert: Can I use 529 plan funds to pay for college and get the American Opportunity Tax Credit?

The IRS rules regarding the coordination of 529 plan withdrawals and education tax credits can get a little tricky. Marguerita Cheng elaborates on this frequently-asked question.

| 529 plan | | education tax credit | | American Opportunity Tax credit | | 529 plan withdrawals | | paying for college | | taxes | | ask an expert |
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529 plans and your tax return

There are times when 529 account activity will need to be reported to the IRS. Here are five things to consider this tax season if you’re saving for college.

| Taxes | | College Savings | | 529 Plan IRS | | taxable withdrawals |
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529 plans and their tax benefits are here to stay

College savers can now breathe a sigh of relief as the President plans to drop his proposal to eliminate tax-free withdrawals of 529 college savings plans.

| 529 plan | | college savings plan | | obama | | tax | | withdrawals | | tax proposal |
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What you need to know about President Obama's 529 tax proposal

In light of President Obama's recent proposal to eliminate the federal tax benefits of 529 plans, here are the facts on the proposal as it currently stands, as well as some ideas on how you can take action against it.

| 529 plans | | Obama | | tax rollback | | qualified withdrawals | | families | | no 529 tax |
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The 25 best 529 plan questions of 2014

Is opening a 529 plan one of your New Year's resolutions? Here's a list of some of the most commonly-asked 529 questions (and their answers!) to help you stick to your goal.

| Best 529 plan | | saving for college | | choosing a 529 plan | | 529 plan withdrawals | | financial aid | | grandparents | | 529 plan performance | | estate planning |
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5 reasons to keep your 529 plan open during college

Even if there's only a small balance left in your 529 plan after paying your tuition bills, it's usually a smart idea to keep the plan up and running. Learn why.

| 529 plan | | paying for college | | 529 plan withdrawals | | qualified expenses | | cost of attendance | | grandparents | | tax benefits |
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Before you open a grandparent 529 account...

A 529 college savings plan can be a very effective way for grandparents to build a college fund for their grandchildren. However, there are a few questions grandparents must ask themselves before opening a 529 account.

| saving for college | | 529 plan | | grandparents | | financial aid | | FAFSA | | 529 plan withdrawals |
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College Savings Timeline: Time for college

All the hard work you've put into building up your child's college savings account has paid off, and now it's time for them to head off to college. What steps do you need to take to make a 529 plan withdrawal when the first tuition bill arrives?

| saving for college | | paying for college | | qualified expenses | | 529 plan withdrawals | | room and board | | tuition |
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When your child wants to attend a U.S. Military Academy

What happens if families who have been diligently saving for college with a 529 plan have a child who plans to attend a military academy?

| college savings | | military | | paying for college | | scholarship | | 529 plan | | 529 plan withdrawal | | tuition |
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Top five ways to spend 529 savings

Withdrawals from a 529 plan must be spent on qualified higher education expenses to avoid tax and penalty. Just what types of college expenses are qualified?

| college savings | | 529 plan | | qualified expenses | | 529 plan withdrawals | | paying for college | | tuition | | room and board | | equipment | | special needs equipment |
 

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