Schwab’s 529 Plan offers 10 different investment options—each carefully built on our asset allocation models and comprised of well-known mutual funds from multiple fund families to assure diversification across stocks, industry segments and investment styles.

Yes. You may open up multiple state plans for your child, although, due to the high lifetime contribution limits of 529 plans, there’s little reason to have one through more than one or two states. Before investing, carefully consider the plan's investment objectives, risks, charges and expenses. This information and more about the plans can be found in the Schwab 529 Guide and Participation Agreement available from Charles Schwab & Co., Inc. See similar questions...

In several major ways. Section 530 plans limit investment to $2,000 a year per student; 529 plans allow much larger investment. Section 530 plans allow wide choice of investment; 529 investment choices are limited and conservative. Section 530 is a single nationwide program; each 529 program is different. Though both are available for higher education, Section 530 can also be used for primary and secondary education. You are free to use both for higher education for the same student. See similar questions...

Sure, no problem. There are a couple dozen states that have 529 plans without any state residency requirements. You can open accounts in as many of these states as you want, although in most cases there is little reason to have accounts in more than two or three states. See similar questions...

Almost anyone can contribute to a Coverdell Education Savings Account on behalf of a child under the age of 18. The contributor is not even required to be related to the child designated as beneficiary of the Account. See similar questions...

You can Open An Account online. To fund your account using the online enrollment process, you can set up an automatic investment from your bank account, or Schwab brokerage account. You can also open an account by downloading the account application. To do so, simply download the Schwab 529 application. If you need assistance completing the online enrollment form, call a Schwab 529 Specialist at 888-903-3863. See similar questions...

Tax Free Earnings. The interest earned on a Coverdell Education Savings Account is not subject to federal income tax when used for qualified higher expenses. See similar questions...

Distributions from a Coverdell Education Savings Account may be made at any time. As long as the distribution is applied to payment of the qualified education expenses of the designated beneficiary, it will generally not be considered taxable income for the child. The Coverdell Education Savings Account must be used before the designated beneficiary attains the age of thirty (30) or the funds will be distributed and generally considered taxable income for the designated beneficiary. See similar questions...

Yes. An UGMA/UTMA account can be liquidated, which would be a taxable event, and the money placed into a 529 account. The custodian on an UGMA/UTMA account has the obligation to use the assets for the benefit of the child. The custodian responsibilities for those assets would still apply. See similar questions...

savings account is a trust or custodial account created or organized in the United States only for the The "Teacher Tax Credit Act of 2002" allows teachers to deduct the expenses for classroom supplies they buy for their classes. For tax years 2002 and 2003, eligible educators will be able to deduct up to See similar questions...

Most 529 plans allow such a transfer, but there are a few special rules. Money you put into the kids' custodial accounts was an irrevocable gift, and moving it to a 529 account doesn't change that fact. The money can never be shifted to another beneficiary, for example, and your children will control it when they reach the age of majority, either 18 or 21, depending on state law. See similar questions...

Generally rollovers are allowed. For instance, if the beneficiary of the account decides not to attend a post-secondary institution, the account owner can typically transfer funds in the account to another eligible beneficiary. To avoid penalty and income tax, the new beneficiary must be a member of the family of the original beneficiary. Additionally, you should check with the program you participate in to determine if there are other requirements that may apply. See similar questions...

You can redeem assets from an UGMA/UTMA (Uniform Gift to Minors Act/Uniform Transfers to Minors Act) account, but you may be liable for income taxes on any gains upon redemption. Once the UGMA/UTMA proceeds are used to contribute to a 529 plan, the minor of the UGMA/UTMA must be named both the Account Holder and the Beneficiary of the 529 Account and cannot be changed. For more information, please consult your financial consultant. See similar questions...

Contributions up to $60,000 per person, per beneficiary may be excluded from federal gift tax, pro rata over a five-year period. Completed gifts are considered removed from an account owner's estate for tax purposes. The account owner still retains control over the account. A portion of your contributions may be state tax deducible, depending on the state plan. Please consult your tax advisor for your particular situation. Qualified withdrawals may be state tax-free. See similar questions...

Since only cash can be contributed to a 529 plan, the bonds would have to be liquidated. Series EE or I-Bonds purchased after 1989 may be converted tax-free to a 529 plan if the eligibility requirements are met to do so. Yes. Contributions may be made to both an Education Savings Account and a 529 plan account in the same year. See similar questions...

Many (but not all) 529 plans accept funds coming from an existing UTMA or UGMA. However, because these funds belong to the minor under a custodial arrangement, any withdrawals from the UTMA/529 account must be for the benefit of that minor only. Program rules and state laws will generally prevent you from making any beneficiary changes to the UTMA/529 account, and the minor will assume direct ownership of the account when the custodianship terminates at the age of majority. See similar questions...

You need to register with us and provide us with certain details. Once your account is activated, you can start investing in Mutual Funds online. See similar questions...

We offer a full range of products, including equities, fixed income, mutual funds, options, traditional IPOs and private equity deals. We also offer access to our auction products including the OpenIPO auction for initial public offerings, the OpenBook® auction for corporate debt and the OpenFollowOn® auction for follow-on offerings. For more information about our products and services, please email us at info@wrhambrecht.com or call 1-800-673-6476. See similar questions...

A Section 529 state college savings plan is a special state administered college savings program that adheres to various federal laws and the Internal Revenue Code Section 529. These plans allow investors to save money in a special account in which the earnings will grow income tax deferred and when used to pay for "qualified higher education expenses" will be federal income tax-free. See similar questions...