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 Here are the things you should be aware of or do:
• get the most recent statements for each of your college accounts.
• Calculate (or recalculate) your college savings goal.
• Ask family and friends about their experiences choosing a 529 plan.
• Calculate the value if you bought any Series EE bonds.
• You might be able to transfer assets from either type of account into a 529 plan without triggering taxes or penalties.
• Before you transfer assets to a 529 plan, you should consider all of the variables involved with your situation.
• The Treasury Department's "Education Bond Program" allows you to redeem certain Series I U.S. savings bonds and Series EE U.S. savings bonds and then transfer the proceeds tax free to a 529 plan, thereby avoiding the normal taxation of interest.
• it's appropriate to fund more than one type of college savings account simultaneously
• get and read a copy of IRS Publication 970, Tax Benefits for Higher Education.
• look for a 529 plan with reasonable fees, flexible rules, and investments that are appropriate for pursuing your financial goal.
• consider the plan in your own state, which may offer certain tax benefits.
• Look for the advice of a tax professional before deciding exactly which assets
• Seek the advice of the professional
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