Alaska 529 Common Questions

Common Question: What if my child doesn't use all the funds in their Alaska 529 account?

Great question! You have several options:

1. You can change the beneficiary to another family member.
2. Keep the savings invested. There is no expiration date! If your beneficiary decides to pursue future training or additional education, they can use those funds.
3. You can request a nonqualified distribution of the funds. Remember, there are tax implications, so consult your tax advisor.
4. New to 2024 - Rollover remaining funds to a Roth IRA! Consult a financial advisor.

For more information, contact Shea Bredlie at svbredlie@alaska.edu.