529 Plans Aren’t Just for College Anymore

Did you know 529 plans can now be used for K–12 education expenses?

Myles and Carson break down how recent rule changes allow families to use 529 funds for eligible private school tuition, expanding the flexibility of these accounts beyond just college savings.

It’s another reason 529 plans can be a powerful tool for long-term education planning—not just for college, but for earlier education needs too.

#529Plan #collegesavings

529 plans come with fees and expenses, and there is a risk they may lose money or underperform. Most states offer their own 529 programs, which may provide benefits exclusively for their residents. Please consider whether the state plan offers any tax or other benefits. Tax implications can vary significantly from state to state. Tax laws and provisions may change at any time. Death of the contributor prior to the end of the five-year period may result in a portion of the contribution to be included in the contributor’s estate. Please consult a qualified tax professional to discuss tax matters. State tax treatment of K–12 withdrawals is determined by the state(s) where the taxpayer files state income tax. Please consult with a tax advisor for further guidance.

Видео 529 Plans Aren’t Just for College Anymore канала Adams Wealth Partners