Mark Freeland wrote:

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snip
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Nope, I wasn't on the right track at all.

529 has no age or forced withdrawal provision, you were right.
Coverdell (the account formerly known as 'education ira') has an age 30
limit. If not withdrawn by the time the child is 30, the growth is taxed
as ordinary income and incurs a 10% penalty.

JOE

"joetaxpayer" <joetaxpayer[at]nospam.com> wrote in message
news:zIednV64D8jpE2HZnZ2dnUVZ_oGdnZ2d[at]comcast.com...
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Are you sure? It was a Bush proposal for FY2005
http://www.savingforcollege.com/529_...lan_news_id=20
(item #6),

but according to the SEC overview (updated Aug 15, 2006), college savings
plans (as opposed to pre-paid tuition plans) have no age limits.
http://www.sec.gov/investor/pubs/intro529.htm (See inline table, fifth row)

It would be a shame, because, as this page notes, 529 plans are a great way
for planning to go back to school in one's later years.
http://winke.com/hfpc/hfpc./collsvret.htm (updated Feb 3, 2006)

Mark Freeland
BnetOnewsX[at]sbcglobal.net

wangchieh[at]wongfaye.com wrote:

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A 529 must be used by the time the beneficiary of the account is 35. So,
as long as you (or a sibling) is under 35, you can set the account up
with the intent of transferring it before that person turns 35. If you
are in your 20's and planning a family, this isn't a bad idea.
JOE

Can you invest in a 529 plan before you even have a child?