Learning Library Quick Answers Investment Planning

Can anyone contribute to a 529 account maintained for a beneficiary?


Answer: Each state's plan is slightly different, however, as a general rule most 529 plans allow for any person to make contributi....

Can assets from a 529 College Savings Plan be used at all colleges and universities?


Answer: The 529 College Savings Plan assets can be used for most accredited institutions of higher education in the United States.....

Can client use funds out of son's 529 plan to pay for off-campus rent?


Scenario: A client buys a rental house near campus. His son and a few friends live in the rental.Can theclient use funds out of so....

Can college books and supplies paid for by the student be reimbursed by a 529 plan?


Answer: Yes. Books, supplies and equipment can be paid by a 529. Scenario: If books can be paid by a 529will the informational 109....

Can I establish a 529 College Savings Plan for myself or my spouse, not my child?


Answer: Depending on the state's plan, you may be able to establish a 529 College Savings Account for yourself or your spouse. If ....