top of page
549 Plan

549 Plan

Tax-advantaged accounts for paying educational expenses from kindergarten to graduate school. These accounts come in two types: educational savings plans and pre-paid tuition plans. Every state and the District of Columbia sponsors and manages its own plans. The rules and fees for each plan may vary by state. You can purchase these plans directly from your state or through a financial advisor/broker. Starting January 1st, 2024, any leftover funds at least 15 years old can be rolled over into a Roth IRA account, with a maximum amount of $35,000.

bottom of page