Reply to Tapping into 529: the nitty gritty steps

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Had to stop DH from paying the enrollment deposit until [i]after[/i] 1/1. Had to remind him we can start tapping into 529 for DC starting 2026. Hooray!

Let’s assume tuition/board is 90K for the 2026-2027 academic year. Can only half of that be withdrawn in 2026 (for fall semester)?

Can I move 45K lump sum from 529 to checking now in anticipation of making tuition payments later in the spring?

What do most people do? Pay schools directly from checking account, then reimburse oneself from the 529 after each expense vs make payments directly from the  529 account?

Thanks for any advice. Worried about making a mistake. [/quote]

DC at UVA. We pay school directly from 529, which has an option to select the school and pay. It's pretty straightforward. The 529 is earning interest, so I would not move it into a checking account if you don't have to.[/quote]

That's a good point about not withdrawing the 529 money too far in advance, so that the investment can continue to grow. [/quote]

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