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How do I withdraw from a 529 plan?

This article explains how to model withdrawals from a 529 plan.

Nancy Gates avatar
Written by Nancy Gates
Updated over 3 weeks ago

The tool will never automatically withdraw funds from a 529 account, you'll need to enter those in the Expenses and Healthcare section

Follow these steps to account for educational expenses in your plan:

Step 1: Go to My Plan > Expenses

Step 2: Navigate to One-Time Expenses

Step 3: Press "Add a One-Time Expense +"

Step 4: Indicate the amount in future dollars

Step 5: If you plan to pay over a period of time select "annually and select the appropriate start and stop dates"

Step 5: Select your 529 as the source account

Step 6: Enter the age the primary planner will be when you expect the expense to occur.

Step 7: Don't forget to press "Save" when complete

Withdrawals from 529 plans are tax deductible by default

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