What to do With an Overfunded 529
Funding a 529 College Saving Plan is a great way to save for a child’s college education and possibly get a state tax deduction depending on the state you live in. You can accumulate income-tax-free earnings with a Section 529 college savings plan account. Then, you can take income-tax-free withdrawals to cover qualified education expenses, usually for college. Great! But what if your designated account beneficiary gets scholarships and doesn’t… Read more