Message Font: Serif | Sans-Serif
No. of Recommendations: 1
I've been thinking/reading about 529s for some time and I have not yet pulled the trigger. I'm concerned about the flexibility of the account. Let's say I put a bunch of money in there and my child doesn't use it all. Can I get that money back *without a penalty*? I don't think so. What if she doesn't go to college at all? Again, can I get my money back without a penalty?

I'm being theoretical at this point, but it's enough to give me significant pause. Anyone else have these concerns? Can anyone enlighten me if my thinking is incorrect? And if my thinking is NOT incorrect, why would it still be worth it to me?

Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.