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- Sun Mar 19, 2017 3:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Withdrawing principal in 529 plan
- Replies: 6
- Views: 1025
Hey folks, My understanding of the 529 is like an Roth IRA. I pay taxes upfront, make a contribution, grows tax free. In a Roth IRA I can always take the principal out tax free (since I already paid), and only pay taxes on earnings. I've read conflicting information whether this is how the 529 works...