Replying to Is it possible to withdraw/ transfer $ from a college savings (529) to another acct w/o paying fees?
Basically, my parents saved up 40k for my college , but its only going to cost 30 for 4 years. My parents don't know how to take it out (10% tax on nonqualified withdrawals). Would there be a way to transfer the $ to another acct, retirement acct, etc. or any other way to take the rest of the $ out without paying that 10% tax? (We would even be able to prove that its not going to cost 40k for the 4 years of college I am attending). Any legit ideas?
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