The 529 plan must be open for at least 15 years. You cannot convert 529 contributions made within the past five years (or the ...

Key Points ・529 plans are no longer just for college degrees. New federal rules allow 529 plan withdrawals for credentialing, ...

A 529 college savings plan can be a powerful tool when saving for future education expenses because investments in the plan can increase tax-free, but many savers don’t take full advantage of all the ...

As of 2024, families can roll over unused 529 funds to the account beneficiary's Roth individual retirement account, without triggering income taxes or penalties, as long as the 529 plan has been open ...

Once viewed narrowly as college savings tools, 529 plans have significantly evolved through a series of legislative changes. They are now among the most flexible and tax-efficient financial tools ...

529 plans, growing in value from $105B in 2008 to $509B in 2024, demonstrate rising popularity. The average 529 plan covers roughly 9% of college costs, with contributions varying by income.