529 college savings plan

By TJ Girl
April 7, 2006 in Money Management

https://creditboards.com/forums/index.php?/topic/168884-529-college-savings-plan/

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TJ Girl

Posted April 7, 2006

Has anyone set up a 529 college savings plan for themself? From what I can find, it looks like this is legal to do.

I'm mainly looking for tax-advantaged ways to save money. I'm SURE I'll be taking more college courses, whether to finish up my master's, or as continuing education. There are many courses I want to take.

Is continuing education tuition a qualifying withdrawl from these plans, or do you have to be accepted in a degree program? Does for-credit vs non-credit courses make a difference (assuming either is taken from an accredited university)?

Are there any gotchas to look out for?

Anyone know? Anyone done it?

Thanks!

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