Fiction: 529 accounts are only for children.
Fact: Anyone can be the beneficiary of a 529 account.
There is no age limit on who can use the money in a 529 plan account to pay for higher education. For older investors going back to school, a 529 can be an ideal tax-advantaged savings tool.
You can learn more about 529 myths by watching our new video. Go to CollegeSavingsIowa.com, select Resources and choose 529 Insights. Under 1st quarter 2015 articles, click 529 myths: The real story.