The Problem With Using The 529 Plan For Student Loans
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- Опубликовано: 2 июн 2021
- It’s now legal to use a 529 plan towards your student loans…but not so fast, some states don’t agree.
The article mentioned in the video: www.in.gov/dor/files/referenc...
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This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Just pull out your contributions you made over the years to pay for unqualified costs. In fact, you can use those contributions for anything. The monies you put in can be taken out without penalties
Thank you! You just saved me a world of pain! I will be digging into my states limits. My own financial planner neglected to tell me this gotcha!!
Does it apply for California?