You may pay for extra credentialing, registered apprenticeship expenses, or certificates through a 529 account.

EXAMPLE

Jake, a 30y/o Idaho pharmacist is finally gainfully employed and has not used his 529 account the last 5 years. He would now like to take a licensing examination for another state so he can moonlight. He can use his remaining 529 funds for the exam fees.

Jake may further use his account for his required yearly continuing education course expenses or his state credential licenses renewal fees throughout his career. To qualify for a salary raise, Jake will use funds to complete an additional industry recognized credential certificate.

Jake is happy his parents 1) kept his 529 account open, and 2) transferred account ownership to him, so he can control withdrawals.

No statement or example on this site should be considered a specific recommendation for your personal situation. Investing and tax strategies each carry significant risks. Examples herein may not apply to your situation. Please consult your estate attorney, tax advisor, or financial advisor for personal advice.