529 plans are getting more flexible in 2026, and on this episode of BullCast we break down what families need to know before making education funding decisions. We kick things off with a fun list of real college classes that sound fake (but aren't) to get everyone excited about all the different paths education can take. Then we dive into the updated 529 rules, including the increase to the K–12 annual withdrawal limit and why 529 funds can now be used in more ways than many people realize, so you can feel confident saving smarter and planning for whatever comes next.
The fees, expenses, and features of 529 plans can vary from state to state. 529 plans involve investment risk, including the possible loss of funds. There is no guarantee that an education-funding goal will be met. In order to be federally tax free, earnings must be used to pay for qualified education expenses. The earnings portion of a nonqualified withdrawal will be subject to ordinary income tax at the recipient’s marginal rate and subject to a 10 percent penalty. By investing in a plan outside your state of residence, you may lose any state tax benefits. 529 plans are subject to enrollment, maintenance, and administration/management fees and expenses.
The List: Real College Classes That Sound Fake (But Aren’t)
Hashtags: #529plans #educationalsavings #education #savings #newepisode #The529Refresh
Visit us online: www.bullcastpodcast.com
Produced by Cameron Spann | Powered by Pickler Wealth Advisors
Sound effects obtained from https://www.zapsplat.com
Show more...