Frequently Asked Questions Select a Category: Make A Selection General Prepaid Withdrawals Tax Ownership Investment Choosing a Plan Beneficiaries Coverdell Show All General 4. I already have some money invested in stocks can I move the stock into a 529 account?       All contributions made to a 529 account must be made in cash. In order to use your current stocks, the stocks must first be sold, and the cash proceeds placed in a 529 account.  There may be tax issues to consider in liquidating any investment.  The sale of the stock may trigger a reportable capital gain or ordinary income to the owner of the stock.    1. What is a 529 plan? 2. Can I set up an account for myself to go back to school when I retire? 3. If my child decides to go into the military and does not go to college, what becomes of the money in the account? 5. Where can my child use the 529 funds? What if she wants to go to a foreign university? 6. Can I use the money that I have deposited in my child's 529 account as collateral for a loan? 7. How much do I need to save for my child’s college expenses? Still Need Help? Ask An Expert Do you want guidance in selecting a 529 plan?  Click the Contact Us button below and speak to a live advisor, or drop us an email and we will be pleased to assist you. If you are a do-it-yourself person, click the Professor for his assistance in sorting and ranking plans or click on the National Map to locate a specific state's 529 program.
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