many states have set their own aggregate limits on the total amount you can contribute to a single beneficiary’s 529 plan. These state-imposed caps range from $235,000 to $596,925. The IRS ...

Fortunately, this penalty doesn’t apply under certain circumstances, such as when the beneficiary receives some form of tax-free educational assistance. A 529 plan is a tax-advantaged account ...

For one, you get several tax advantages ... To do so, simply change the beneficiary on the account — your 529 plan provider will have instructions on how to. Otherwise, you can withdraw the ...

A 529 plan is a tax-advantaged savings plan designed to ... unused funds from your 529 plan into a Roth IRA account for the beneficiary — the idea being that these unused funds can help ...

Responding to a recent call from a financial advisor in New Jersey, the ERISA consultants at the Retirement Learning Center (RLC) address whether a client who has several 529 plans in different states ...

A 529 plan is a tax-advantaged education savings plan ... A third party, including relatives and friends, named as the plan’s beneficiary. Beyond tuition and fees paid directly to an accredited ...

For grandparents looking to help fund a grandchild’s college education, there are several ways to save and invest. Choosing ...