The mission of my529 is to provide the... - The Balancing Act

A 529 plan allows you to contribute to a child's future higher education expenses or even prepay those expenses. Learn about the related tax benefits from the #IRS: http://ow.ly/TH4i50NphVP #529Day | IRS

Did you know there's a loophole for 529 plans? Although it's always smart to talk to a CPA or financial advisor first😉, students with a substantial 529 fund can sometimes use the money for non-education expenses without paying the 10% penalty. How? By getting scholarships!🤑 If the amount of scholarships your student wins equals the amount in their 529, they can use that money to start a business or invest in a rental property. There's a new rule that allows these funds to be rolled into IRAs f