529 plan grandchildren

Colorado_mom
Fri, 17 Dec 2021 21:15:26 +0000

Thanks for the info. It does sound like 529 funds need to be used for education.

I found this article with more details. If I am reading it correctly, there is also a last ditch option to pay tax on the earnings plus 10% penalty.

Savingforcollege.com

5 ways to spend leftover 529 plan money

It's every parent's dream: your child gets a gigantic scholarship to college and you've got thousands of dollars leftover in your college savings account. What to do?

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