Q. I’m thinking of going back to school. Can I set up a Section 529 plan for myself? Anonymous
A. Yes. An individual who funds a Section 529 plan for higher education can also be the beneficiary of the plan. This tax-saving vehicle may be used for either college or grad school. Contributions to your account aren’t deductible, but account earnings and qualified distributions are tax-free.
Tip: If you have unused funds in your account, you may roll over the amount tax-free to a Section 529 plan for another beneficiary, such as your child.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/16960/fund-a-section-529-plan-for-yourself "