Learning Library Quick Answers Investment Planning

Can I use a 529 College Savings Plan as security for a loan?


Answer: No. Federal law specifically provides that you can not use the account as collateral for a loan or borrow money from the p....

Can my client use an UTMA to pay for high school tuition?


Scenario: A 17-year old client has an UTMA. The clientattends private high school (tuition $30,000). Canthe clientuse the UTMA to ....

Can off-campus rent be paid for using a 529 plan?


Answer: Yes, if the student is enrolled more than half-time. The qualified 529 withdrawal will be limited to the school's off-camp....

Can one beneficiary have 529 College Savings Plans in more than one state, and fund each plan to its maximum level?


Answer: Yes. Under existing law there is no prohibition from funding as many 529 College Savings Plans as you would like to the ma....

Can the 529 College Savings Plan Account be obtained through an employer and be payroll deducted?


Answer: Yes. 529 College Savings Plan accounts are becoming a popular voluntary corporate benefit and afford the employee the same....