"Hard to believe, but that time has come: time to send the little one (who is no longer so little) to college. And it’s time to tap into that 529 account.
But how do you withdraw funds from the account without running afoul of the qualified distribution rules? Getting it right is important, because if you get it wrong, you could end up owing taxes on any investment gains in the account, plus a 10% tax penalty." …
http://www.csmonitor.com/Business/Saving-Money/2015/0630/How-to-withdraw-money-from-your-529-plan
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