05/26/2026
Q: I have a high school graduate and we have a 529 plan. Now what?
A: The funds can be used for qualified education expenses such as college tuition, books, supplies, and room and board if they enroll in school.
If they are not using it right away, the money can stay invested for future education like trade school or college, or you can change the beneficiary to another eligible family member.
If the funds are not used for education, withdrawals may be subject to taxes and penalties on earnings, so it is important to review your options before taking action.
If you are unsure what to do next, we can help you understand your choices and guide you toward the most tax efficient path for your situation.
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