You can superfund a child's 529 account by making a lump-sum contribution of up to $95,000 ($190,000 if you're a married ...

In cases where a child doesn't go to college, families still have some flexibility in using the funds without paying a withdrawal penalty. A 529 college savings plan allows families to save money ...

Because a 529 withdrawal usually isn’t subject ... to withdraw an equivalent amount from your 529 plan—without paying the 10% penalty on non-qualified distributions. You may still end up ...

It could allow transfers to take place without tax and penalty fees ... hold a Roth IRA in addition to a 529 plan, you may need to take a 529 plan withdrawal and then make a contribution to ...

Roth IRAs and 529 college savings plan contributions won't give ... used for qualified education expenses. 10% penalty plus income taxes if the withdrawal is for non-education expenses, although ...

Please note: Many 529 College Savings plans now have a digital distribution option (electronic ACH) which saves time and improves transparency with real-time payment tracking. When requesting a ...

Deposits to a 529 plan up to $15,000 per individual ... rate of the person who receives the withdrawal). If the beneficiary gets a scholarship, then the penalty is waived. If you have several ...