529 plan what if i don t go to college

What to Do With a 529 Plan If Your Kid Doesn't Go to College

529 plan what if i don t go to college

Because while a is generally referred to as a college savings account, Most people don't realize that assets can be used at any eligible Most plans allow you to change the beneficiary once a year, so that.

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We respect your privacy. All email addresses you provide will be used just for sending this story. Will you face a steep tax bill? Not to worry. Money in a account can be used tax-free for many types of schooling, not just expenses at a four-year college. There's also no time limit on using the funds. That gives you leeway to decide how to use the money if your child is on a different track.

See CollegeAdvantage Guaranteed Resources. Open an Account Account Login. The answer is that you always have multiple options and can always access the funds saved in your account. Is your child not interested in attending a traditional four-year collegiate program? Your plan is made to work at any institution of higher education that receives federal financial aid.

Knowing this helps us better customize your experience and offer better recommendations. Already have a Savingforcollege. Log In.
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Edit location. Retrieve a saved quote. Many parents have this common question about investing in a college savings plan: "What if my child doesn't go to college? Do I lose my invested money? The simple answer: No, you won't lose your money.

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Junior's not going to college? What you can do about your 529 plan

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4 COMMENTS

  1. Balduino L. says:

    Plan If Kid Doesn't Go to College | What to Do - Consumer Reports

  2. Harcourt R. says:

    What to Do with a Plan When Child Doesn't Go to College

  3. Sean O. says:

    If you have a college savings plan and your child is not planning to attend college, don't panic! In most cases, withdrawals from a plan that are not for.

  4. Apolinario G. says:

    What To Do With A If Your Child Doesn’t Go To College

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