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by starSCREAM
Sun Mar 19, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawing principal in 529 plan
Replies: 6
Views: 1118

Withdrawing principal in 529 plan

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...