RETIREMENT PLANNING With Rob Ryan ZRYAN WEALTH MANAGEMENT Chng Yer Co le ACCORDING TO PLAN A"529 plan,"which is named after Section 529 of the Internal Revenue Code, is a tax-advantaged savings plan that is designed specifically to pay for qualifying education expenses. At the college or graduate level, funds from a 529 plan can be used for tuition, fees, books, supplies, approved study equipment, and room and board for a full-time student at an accredited institution. However, under the federal tax overhaul act that was enacted at the end of 2017 and beginning in 2018, parents can also withdraw up to $10,000 tax-free from a 529 plan to pay for private-school tuition for kindergarten through 12th grade. Before taking advantage of this benefit, parents must check the rules of their plan. There is no penalty for leaving leftover funds in a 529 plan after a student graduates or leaves college. Keep in mind, however, that the earnings portion of a non-qualified 529 plan distribution is subject to income tax and a 10% penalty. At Ryan Wealth Management we provide personalized financial solutions that take into account all aspects of your financial life. Please call us to schedule a consultation. Unlike funding for college, the money withdrawn from a 529 plan to pay for private-school K-12 expenses can only be spent on school tuition (not textbooks, computers, or other fees or activities). To contact Rob Ryan: (530) 671-2100 retire@ryanwealth.com | www.ryanwealth.com Go to my website www.ryanwealth.com and request a Second Opinion analysis report! And help answer the question: "Will Í outlive my money?" Rob Ryan isa Reglatered Representative offering securities and advisory services threugh Reyal Alliance Associates, Inc. a registered broker dealer and registered investment advisor, Member FINRA. SIPC. Additional advisory services, insurancer and Estate Planning offered through Ryan Wealth Management are independent of Royal Alliance. Principal of Ryan Wealth Management, Inc. located at 463 Centary Park Drive ie Yubu City. CA Insurance L. rOCOs959 RETIREMENT PLANNING With Rob Ryan ZRYAN WEALTH MANAGEMENT Chng Yer Co le ACCORDING TO PLAN A"529 plan,"which is named after Section 529 of the Internal Revenue Code, is a tax-advantaged savings plan that is designed specifically to pay for qualifying education expenses. At the college or graduate level, funds from a 529 plan can be used for tuition, fees, books, supplies, approved study equipment, and room and board for a full-time student at an accredited institution. However, under the federal tax overhaul act that was enacted at the end of 2017 and beginning in 2018, parents can also withdraw up to $10,000 tax-free from a 529 plan to pay for private-school tuition for kindergarten through 12th grade. Before taking advantage of this benefit, parents must check the rules of their plan. There is no penalty for leaving leftover funds in a 529 plan after a student graduates or leaves college. Keep in mind, however, that the earnings portion of a non-qualified 529 plan distribution is subject to income tax and a 10% penalty. At Ryan Wealth Management we provide personalized financial solutions that take into account all aspects of your financial life. Please call us to schedule a consultation. Unlike funding for college, the money withdrawn from a 529 plan to pay for private-school K-12 expenses can only be spent on school tuition (not textbooks, computers, or other fees or activities). To contact Rob Ryan: (530) 671-2100 retire@ryanwealth.com | www.ryanwealth.com Go to my website www.ryanwealth.com and request a Second Opinion analysis report! And help answer the question: "Will Í outlive my money?" Rob Ryan isa Reglatered Representative offering securities and advisory services threugh Reyal Alliance Associates, Inc. a registered broker dealer and registered investment advisor, Member FINRA. SIPC. Additional advisory services, insurancer and Estate Planning offered through Ryan Wealth Management are independent of Royal Alliance. Principal of Ryan Wealth Management, Inc. located at 463 Centary Park Drive ie Yubu City. CA Insurance L. rOCOs959