05/29/2026
Today is May 29, a date chosen to highlight the utility of 529 education savings plans. While these accounts are often associated strictly with four-year degrees, their scope has expanded significantly.
I often speak with families who are surprised by the flexibility these plans now offer. Beyond traditional college tuition, 529 funds can be used for:
-K-12 expenses: Recent changes have increased the annual withdrawal limit for private or parochial school tuition.
-Trade schools and credentials: Costs for professional licensing and vocational programs are often qualified expenses.
-Apprenticeships: Fees and equipment for registered apprenticeship programs may be covered.
-Roth IRA rollovers: For accounts that have been open for at least 15 years, there are now options to transition unused funds into a retirement account for the beneficiary.
If you have questions about how these recent legislative updates impact your existing plan, let's coordinate a time to talk.
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