Some 529 Tax Benefits
Sunday, November 25th, 2007A further benefit of 529 Plans that can pay off over the long-term is that of investment control. Each state has a set of investment options that are allowed for the money within the 529 Plan. However, if you are not satisfied with the options that the state in which your 529 tax is held, you can simply roll money over into another state’s 529 Plan. Most states do not require the parent or the child to reside in the state in which the 529 Plan is invested. You can usually do this once a year without incurring a penalty.