Readers again wrote in with questions on how to maximize college savings, including on how best to use “529” accounts, the federal tax-advantaged college-expenses accounts that invest in mutual funds. We asked experts to help answer their questions.
Can a 529 last indefinitely, for multiple generations of a family? What are the tax consequences of changing the beneficiary to future generations?
Yes, but not in a completely tax-free manner. You can switch the beneficiary of a 529 without any penalties, as long…
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