Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "529 plans and withdrawing money "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]My daughter will be graduating in class of 2026, we are looking ahead, How long does it take to withdraw the money from the 529 plan to pays for the semester at the school? Is the money TAX Free or are we going to pay taxes on that in 2027 - for (2026 tax year.)[/quote] If you are in Virginia it is worth noting that the American Funds 529 does not do electronic transfers, only mails a paper check to the school. My son's school allowed a late payment due to this (I would withdraw the funds on Jan 1/2, call the bursar and say the 529 payment is on the way and may not make the Jan 5 deadline, and they would say ok and it was fine). The Invest 529 does an electronic transfer. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
