529 Plan Owners Beware – Use your funds wisely or pay the price
February 18, 2015
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Many families recognize the value of 529 savings plans. 529 plans provide an easy way to put aside money for college that will earn interest tax-free (when used for qualified college expenses). Plus by setting up direct deposits, parents can create a deposit schedule for their plan and pretty much forget about it. However, when the time comes to make withdrawals from that plan, questions can arise.
