Whitehouse & Company CPA's
Is there an age limit on who can be a beneficiary of a 529 plan?


There is no beneficiary age limit specified in Section 529, but a few states do impose one. You'll need to check the requirements of each plan you're considering.

Also, keep in mind that several states require that the account be open for a specified minimum length of time before funds can be withdrawn. Otherwise, a fee or penalty may be imposed by the state. This is important if you expect to make withdrawals quickly because of the beneficiary's age.

Prepared by Broadridge Investor Communication Solutions, Inc, Copyright 2011