Overfunded College 529 plan? No Problem!
While most Americans have made little if any progress in their college savings goals, others have a more enviable dilemma of potentially running past the finish line. Still others have found that their children aren’t choosing the collegiate path. No need to worry. You have many great options when managing an overfunded 529 college savings plan.
Withdraw the FundsIf you have more money than college expenses, you can simply withdraw the funds. The down side is that your earnings are included in taxable income and incur a 10% penalty. If you invested ten thousand dollars which grew to fourteen …
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