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West Virginia’s plan is currently limited to residents of the state, although its funds offer some of the lowest annual fees among 529 plans. The plan uses funds from Vanguard, a highly regarded ...
While the maximum contribution in each state’s plan may differ, any contributions over the maximum gift tax exclusion – $18,000 for 2024 – could make you liable for gift taxes. In contrast ...
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The funds must be rolled over to a Roth IRA owned by the 529 account beneficiary. There’s a $35,000 lifetime cap on Roth IRA rollovers for each 529 account beneficiary.
The funds from a 529 plan are used for qualified education expenses. These expenses are typically tuition, fees, textbooks, computers and equipment and are charged to the student in relation to attending an institution defined as any eligible public, non-profit or private college or university, technical, vocational, or trade institutions.
Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management. Founded in Los Angeles, California in 1931, it is privately held and has offices around the globe in the Americas, Asia, Australia and Europe .
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