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The Independent UK
The Independent UK
National
Margaret Giles

Should you worry about overfunding your 529 plan?

Able IRA Morningstar The Associated Press United States
Money Matters-Net Worth - (Copyright 2017 The Associated Press. All rights reserved.)

529 education savings plans are powerful tools to help pay for the mounting costs of an education. Yet some people hesitate to use them.

One common concern is oversaving. You can only use 529 funds can only cover qualified education expenses without incurring a tax penalty, but it can be hard to pinpoint how much money you actually need.

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