What Can You Do With A College Savings Plan If Your Kids Are Out Of School?

So your kids have completed college and you still have money left in your 529 college savings plan. You can siphon the remaining cash and spend it on anything you please, but it will cost you – both a 10 percent penalty and income taxes apply.

There are, however, ways to skip the penalty and stretch the funds further – you’ll just have to apply it to further education.

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