Most people know a 529 plan as a great way to save for college, but there’s a lot more flexibility than you might think. If you’re only using your 529 plan to pay tuition, you could be leaving valuable options on the table. Recent changes in federal law have expanded the options available for these accounts. Whether you’re trying to avoid penalties, maximize your savings, or help out family members, your 529 plan might offer more than you realized. Let’s explore six surprising financial moves you can make with your 529 plan that could change the way you think about education savings.
