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PO Box 85290 Withdrawal Request Form Lincoln, NE 68501-5290 CollegeCounts529advisor.com Request a withdrawal online at CollegeCounts529advisor.com. or Complete this Withdrawal Request Form to request.

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If you invest in a 529 college savings plan, and that plan puts your money in a variety of investments as most do, you can lose money. That's because these investments, ranging from stocks to bonds, can go down in value. It's just like your retirement accounts.

Overall, the ScholarShare 529 plan has been a top-performing 529 plan.

Money from a 529 account can be used for major post-secondary education costs such as: Required tuition, fees, books, supplies and equipment. Certain room and board expenses, which may include food purchased directly through the college or university (for the stipulations of off-campus living see below)

The primary reason: 529 plans purchased through a broker, aka financial advisor, generally are more expensive than their direct-sold counterparts. And you might not only have to pay a hefty sales charge, but annual costs in advisor-sold 529 plans are typically higher as well.

A 529 plan could mean less financial aid. The largest drawback to a 529 plan is that colleges consider it when deciding on financial aid. This means your child could receive less financial aid than you might otherwise need.

The federal tax rules are the same regardless of which 529 plan you choose. ... You won't need a financial advisor for your 529 plan if you are comfortable making investment decisions on your own. (And most financial advisors won't want to sell you a 529 plan if that is all you're asking them to do.

Transfer the 529 plan funds to another beneficiary. ... Save the 529 plan funds for your child's future educational needs. ... Use the money to make student loan payments. ... Save the 529 plan for a grandchild. ... Take advantage of penalty-free scholarship withdrawals.

The most popular option in many 529 plans continues to be the "age-based" option that automatically adjusts to a more conservative asset allocation as the beneficiary gets closer to college age. This may be an appropriate choice for many grandparents. Prepaid tuition plans are also a popular choice for grandparents.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232