Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • The federal tax treatment of 529 plan contributions, growth, and qualified distributions. • How to calculate the taxable portion and penalty on a non-qualified 529 distribution. • Key limitations for the provision allowing rollovers from a 529 plan to a Roth IRA. • The primary differences between 529 plans and Coverdell ESAs for exam purposes. • Common exam traps regarding income limitations and state versus federal tax benefits. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep