Avoid these tax traps with your 529 plans

While great college saving vehicles there can be problems if you don’t understand how to withdraw money to pay tuition. A big one is paying the bill the year it is due and not withdrawing the money the year prior. There are also some restrictions on what you can spend the money on relating to college expenses. Not everything is eligible. Please read on from the WSJ….

http://online.wsj.com/news/articles/SB10001424052702303819704579321053450699082?ru=yahoo?mod=yahoo_itp