5 Mistakes to Avoid When Saving for College in a 529 Plan
Saving for college in a 529 plan is easy — in theory, at least. To start, you have only to choose a plan and begin putting money away.
But despite the apparent simplicity, it is possible to mess up a college savings plan, even after you’ve succeeded with the much more difficult task of setting aside money to save in the first place.
Experts say errors that prevent you from enjoying a 529 plan’s full suite of benefits are surprisingly common and easy to make. Here’s what to watch out for.