A 529 plan is great for grad school, too (Video)

08/24/2011

QUESTION:
Dear Joe,

My unusual question is this: My 30-year-old son has just graduated with his undergraduate degree (finally). My question is: Can I now start a 529 plan for his graduate degree? He is uncertain just when he will go. If he should not go, can I transfer the money for my grandson's education?

-- Rosemary

Read Script

ANSWER:

Other recent questions

»Naming a successor to your 529 account (Video) (05/11/2012)
»Naming a successor to your 529 account (Script) (05/11/2012)
»529s and Financial Aid (Video) (10/04/2011)
»529s and Financial Aid (Script) (10/04/2011)
»Finding the Right Coverdell ESA (Video) (09/16/2011)
»Finding the Right Coverdell ESA (Script) (09/16/2011)
»3 ways to make a 529 plan withdrawal (Video) (08/26/2011)
»A 529 plan is great for grad school, too (Video) (08/24/2011)
»A 529 plan is great for grad school, too (Script) (08/24/2011)
»Trickle down: Granddad's 529 goes to son (Script) (08/23/2011)
»Trickle down: Granddad's 529 goes to son (Video) (08/23/2011)
»Diverting retirement cash to a 529 plan (Video) (08/22/2011)
»Diverting retirement cash to a 529 plan (Script) (08/22/2011)
»529 Plans: Which Expenses are Qualified? (Video) (08/01/2011)
»529 Plans: Which Expenses are Qualified? (Script) (08/01/2011)
»As adults, children own their 529 plans (03/27/2010)
»Coverdell accounts to lose K-12 feature (03/17/2010)
»Can you pay a mortgage with a 529 plan? (02/17/2010)
»Keep paying 529, even with kid in college (01/04/2010)
»Need-based financial aid strategies (12/23/2009)