Series 51: Coordination Of Educational Savings Plans

Taken from our Series 51 Online Guide

Coordination of Educational Savings Plans

Coordination of various educational savings plans is allowed to maximize savings. For example, contributions can be made to both a CESA and a 529 savings plan in the same year for the same beneficiary. If withdrawals are made from both a CESA and 529 savings plan in the same year for the same beneficiary, then the qualified educational expenses must be allocated between the two accounts so that they are not used to cover the same expense twi

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