How can ‘extra’ 529 funds be used?

Money in 529 accounts can be used for any qualified education expense, such as tuition, room and board (as long as the student is enrolled at least half time), books, computers, internet access, registered apprenticeships, and even K-12 tuition (up to certain limits).

What if your student graduates with some money left over? No problem! You have more options than ever, with the newest option allowing you to roll money into a Roth IRA under certain circumstances. Younger sibling heading to college soon? Have you been thinking about going back to school? You can also transfer funds to another eligible member of the family — including yourself! You can even maintain the account to serve as the initial deposits into a future grandchild’s 529 account. Considering the many ways to use and transfer funds — these are the kind of leftovers you want!

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Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

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