plan, you'd better compare plans in other states.Р48. Transferring the money into another state's 529 plan is limited to once every 12 months.Р49. The state makes out the plan and assigns an asset management company in the 529 plan.Р50. The 529 account owner always controls the money to avoid spending on other things.Р51. The 529 plan aims at helping to save money for higher education.Р52. Your 529 account investment can be graded into three risk levels as aggressive, moderate and conservative.Р53. You don't need to pay tax for the 529 plan earnings if you use it for higher education.Р54. The 529 plan doesn't impose strict regulations on the income of applicants.Р55. ff your child gets a scholarship, the rest of 529 account can be either cashed out or given to another sibling or relative.
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