What It Is And How To Avoid It

529 Plan Penalty: What It Is And How To Keep away from It

<button id="wpd-insert-source-code">Insert</button><input type="hidden" id="wpd-editor-uid"/></p> <p> <br /> </p> <link rel="stylesheet" id="wpacu-combined-css-body-1" href="https://cdn.thecollegeinvestor.com/wp-content/cache/asset-cleanup/css/body-46b151ec3902a628417f5c13fe8269efe869ba8f.css" type="text/css" media="all"/><noscript><link rel="stylesheet" id="wpacu-moved-from-head-to-body-wpdiscuz-combo-css-css" href="https://thecollegeinvestor.com/wp-content/plugins/wpdiscuz/assets/css/wpdiscuz-combo.min.css?ver=6.1.1" type="text/css" media="all"/></noscript> <p><noscript><link data-wpacu-to-be-preloaded-basic="1" rel="stylesheet" id="wpacu-moved-from-head-to-body-genesis-sample-fonts-css" href="https://fonts.googleapis.com/css?family=Source+Sans+Pro%3A400%2C600%2C700%7CRoboto%3A400%2C400i%2C700%2C700i%7CRaleway%3A400%2C400i%2C700%2C700i%2C800%2C800i&ver=1.0.2" type="text/css" media="all"/></noscript></p> <div style="position:absolute;overflow:hidden;clip:rect(0 0 0 0);height:1px;width:1px;margin:-1px;padding:0;border:0"> <p>[class^=”wpforms-“]</p> <p>[class^=”wpforms-“]</p> </div> <p> </body></div> <p><br /> <br /><a href="https://thecollegeinvestor.com/41434/avoid-529-plan-penalty/">Source link </a></p> <div class="jeg_post_tags"><span>Tags:</span> <a href="https://newsavemoney.com/index.php/tag/avoid/" rel="tag">Avoid</a></div> </div> </div> <div class="jeg_share_bottom_container"></div> <div class='jeg_push_notification single_post'> </div> <div class="jeg_ad jeg_article jnews_content_bottom_ads "><div class='ads-wrapper '></div></div><div class="jnews_prev_next_container"></div><div class="jnews_author_box_container "></div><div class="jnews_related_post_container"><div class="jeg_postblock_22 jeg_postblock jeg_module_hook jeg_pagination_disable jeg_col_2o3 jnews_module_4168_0_6628452f082bd " data-unique="jnews_module_4168_0_6628452f082bd"> <div class="jeg_block_heading jeg_block_heading_5 jeg_subcat_right"> <h3 class="jeg_block_title"><span>Related<strong> Posts</strong></span></h3> </div> <div class="jeg_block_container"> <div class="jeg_posts_wrap"> <div class="jeg_posts jeg_load_more_flag"> <article class="jeg_post jeg_pl_md_5 format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/22/betterment-acquires-marcus-invest-from-goldman-sachs/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-350x250 size-jnews-350x250 lazyload wp-post-image" alt="Betterment Acquires Marcus Invest From Goldman Sachs" decoding="async" data-src="https://thecollegeinvestor.com/wp-content/uploads/2022/01/TWFBBETTERMARCUS.jpg.optimal.jpg" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> <div class="jeg_post_category"> <span><a href="https://newsavemoney.com/index.php/category/personal-finance/" class="category-personal-finance">Personal Finance</a></span> </div> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"> <a href="https://newsavemoney.com/index.php/2024/04/22/betterment-acquires-marcus-invest-from-goldman-sachs/">Betterment Acquires Marcus Invest From Goldman Sachs</a> </h3> <div class="jeg_post_meta"><div class="jeg_meta_date"><a href="https://newsavemoney.com/index.php/2024/04/22/betterment-acquires-marcus-invest-from-goldman-sachs/" ><i class="fa fa-clock-o"></i> April 23, 2024</a></div></div> </div> </article><article class="jeg_post jeg_pl_md_5 format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/18/9-key-factors-that-could-make-retirement-longer-or-shorter/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-350x250 size-jnews-350x250 lazyload wp-post-image" alt="9 Key Factors That Could Make Retirement Longer — or Shorter" decoding="async" data-src="https://www.moneytalksnews.com/workers/images/width=1920/wp-content/uploads/2024/04/16145908/shutterstock_1954909216-scaled.jpg?s=3a4925e0db67e7dbe8b24a85a1d9dec75a444951cb61b8db20ad9a1f22be6864" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> <div class="jeg_post_category"> <span><a href="https://newsavemoney.com/index.php/category/personal-finance/" class="category-personal-finance">Personal Finance</a></span> </div> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"> <a href="https://newsavemoney.com/index.php/2024/04/18/9-key-factors-that-could-make-retirement-longer-or-shorter/">9 Key Factors That Could Make Retirement Longer — or Shorter</a> </h3> <div class="jeg_post_meta"><div class="jeg_meta_date"><a href="https://newsavemoney.com/index.php/2024/04/18/9-key-factors-that-could-make-retirement-longer-or-shorter/" ><i class="fa fa-clock-o"></i> April 19, 2024</a></div></div> </div> </article><article class="jeg_post jeg_pl_md_5 format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/13/topstep-promo-code-modest-money/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-350x250 size-jnews-350x250 lazyload wp-post-image" alt="TopStep Promo Code – Modest Money" decoding="async" data-src="https://www.modestmoney.com/wp-content/uploads/2023/07/TopStep-Promo-Code.png" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> <div class="jeg_post_category"> <span><a href="https://newsavemoney.com/index.php/category/personal-finance/" class="category-personal-finance">Personal Finance</a></span> </div> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"> <a href="https://newsavemoney.com/index.php/2024/04/13/topstep-promo-code-modest-money/">TopStep Promo Code – Modest Money</a> </h3> <div class="jeg_post_meta"><div class="jeg_meta_date"><a href="https://newsavemoney.com/index.php/2024/04/13/topstep-promo-code-modest-money/" ><i class="fa fa-clock-o"></i> April 17, 2024</a></div></div> </div> </article><article class="jeg_post jeg_pl_md_5 format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/12/6-strategies-for-lgbtq-financial-prep-to-move-to-a-safer-place/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-350x250 size-jnews-350x250 lazyload wp-post-image" alt="6 Strategies for LGBTQ+ Financial Prep to Move to a Safer Place" decoding="async" data-src="https://www.nerdwallet.com/assets/blog/wp-content/uploads/2024/04/GettyImages-1433314144-1440x864.jpg" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> <div class="jeg_post_category"> <span><a href="https://newsavemoney.com/index.php/category/personal-finance/" class="category-personal-finance">Personal Finance</a></span> </div> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"> <a href="https://newsavemoney.com/index.php/2024/04/12/6-strategies-for-lgbtq-financial-prep-to-move-to-a-safer-place/">6 Strategies for LGBTQ+ Financial Prep to Move to a Safer Place</a> </h3> <div class="jeg_post_meta"><div class="jeg_meta_date"><a href="https://newsavemoney.com/index.php/2024/04/12/6-strategies-for-lgbtq-financial-prep-to-move-to-a-safer-place/" ><i class="fa fa-clock-o"></i> April 13, 2024</a></div></div> </div> </article><article class="jeg_post jeg_pl_md_5 format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/10/is-your-401k-a-scam/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-350x250 size-jnews-350x250 lazyload wp-post-image" alt="Is Your 401(k) A Scam?" decoding="async" data-src="https://thecollegeinvestor.com/wp-content/uploads/2024/04/Is_A_401k_A_Scam_1200x628.png" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> <div class="jeg_post_category"> <span><a href="https://newsavemoney.com/index.php/category/personal-finance/" class="category-personal-finance">Personal Finance</a></span> </div> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"> <a href="https://newsavemoney.com/index.php/2024/04/10/is-your-401k-a-scam/">Is Your 401(k) A Scam?</a> </h3> <div class="jeg_post_meta"><div class="jeg_meta_date"><a href="https://newsavemoney.com/index.php/2024/04/10/is-your-401k-a-scam/" ><i class="fa fa-clock-o"></i> April 11, 2024</a></div></div> </div> </article><article class="jeg_post jeg_pl_md_5 format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/08/is-daylight-saving-time-hurting-your-wealth/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-350x250 size-jnews-350x250 lazyload wp-post-image" alt="Is Daylight Saving Time Hurting Your Wealth?" decoding="async" data-src="https://www.moneytalksnews.com/workers/images/width=1920/wp-content/uploads/2024/04/05144332/shutterstock_1694722048-scaled.jpg?s=6e3b0ad0de42a51f7e3488962ed872c3ac54cf65f7143fe5ec3d08759a1c48de" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> <div class="jeg_post_category"> <span><a href="https://newsavemoney.com/index.php/category/personal-finance/" class="category-personal-finance">Personal Finance</a></span> </div> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"> <a href="https://newsavemoney.com/index.php/2024/04/08/is-daylight-saving-time-hurting-your-wealth/">Is Daylight Saving Time Hurting Your Wealth?</a> </h3> <div class="jeg_post_meta"><div class="jeg_meta_date"><a href="https://newsavemoney.com/index.php/2024/04/08/is-daylight-saving-time-hurting-your-wealth/" ><i class="fa fa-clock-o"></i> April 9, 2024</a></div></div> </div> </article> </div> </div> <div class='module-overlay'> <div class='preloader_type preloader_dot'> <div class="module-preloader jeg_preloader dot"> <span></span><span></span><span></span> </div> <div class="module-preloader jeg_preloader circle"> <div class="jnews_preloader_circle_outer"> <div class="jnews_preloader_circle_inner"></div> </div> </div> <div class="module-preloader jeg_preloader square"> <div class="jeg_square"> <div class="jeg_square_inner"></div> </div> </div> </div> </div> </div> <div class="jeg_block_navigation"> <div class='navigation_overlay'><div class='module-preloader jeg_preloader'><span></span><span></span><span></span></div></div> </div> <script>var jnews_module_4168_0_6628452f082bd = {"header_icon":"","first_title":"Related","second_title":" Posts","url":"","header_type":"heading_5","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_text":"All","post_type":"post","content_type":"all","number_post":6,"post_offset":0,"unique_content":"disable","include_post":"","exclude_post":4168,"include_category":"5","exclude_category":"","include_author":"","include_tag":"","exclude_tag":"","sort_by":"latest","date_format":"default","date_format_custom":"Y\/m\/d","force_normal_image_load":"","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":6,"pagination_scroll_limit":3,"boxed":"","boxed_shadow":"","el_id":"","el_class":"","scheme":"","column_width":"auto","title_color":"","accent_color":"","alt_color":"","excerpt_color":"","css":"","excerpt_length":20,"paged":1,"column_class":"jeg_col_2o3","class":"jnews_block_22"};</script> </div></div><div class='jnews-autoload-splitter' data-url="https://newsavemoney.com/index.php/2022/11/21/what-it-is-and-how-to-avoid-it/" data-title="What It Is And How To Avoid It" data-id="4168" data-prev="https://newsavemoney.com/index.php/2022/11/20/economy-chickpea-kale-soup-canadian-budget-binder/" ></div><div class="jnews_popup_post_container"></div><div class="jnews_comment_container"></div> </div> </div> <div class="jeg_sidebar jeg_sticky_sidebar col-md-4"> <div class="widget widget_jnews_tab_post" id="jnews_tab_post-2"><div class="jeg_tabpost_widget"><ul class="jeg_tabpost_nav"> <li data-tab-content="jeg_tabpost_1" class="active">Trending</li> <li data-tab-content="jeg_tabpost_2">Comments</li> <li data-tab-content="jeg_tabpost_3">Latest</li> </ul><div class="jeg_tabpost_content"><div class="jeg_tabpost_item active" id="jeg_tabpost_1"><div class="jegwidgetpopular"><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2023/05/24/jonathan-litt-shorts-entire-office-space-group/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Jonathan Litt shorts entire office space group" decoding="async" data-src="https://image.cnbcfm.com/api/v1/image/107159105-1669827200706-gettyimages-1237445168-FACEBOOK_OFFICES.jpeg?v=1684887288&w=1920&h=1080" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2023/05/24/jonathan-litt-shorts-entire-office-space-group/">Jonathan Litt shorts entire office space group</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_date"><i class="fa fa-clock-o"></i> May 24, 2023</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2022/05/28/how-to-fix-you-have-denied-access-to-your-devices-on-ometv/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="How to Fix “You have denied access to your devices” on OmeTV" decoding="async" data-src="https://livetechnoid.com/wp-content/uploads/2022/05/How-to-Fix-You-have-denied-access-to-your-devices-on-OmeTV-2.png" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2022/05/28/how-to-fix-you-have-denied-access-to-your-devices-on-ometv/">How to Fix “You have denied access to your devices” on OmeTV</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_date"><i class="fa fa-clock-o"></i> May 29, 2022</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2022/07/18/15-great-work-from-home-jobs-for-parents/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="15 Great Work-From-Home Jobs for Parents" decoding="async" data-src="https://www.moneytalksnews.com/workers/images/width=1920/wp-content/uploads/2020/03/15152631/shutterstock_1436493770-scaled.jpg?s=cc2f2e838c3b0c2d951c3f6d881148686c1554e195b7ddb1b05f749510c3b56c" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2022/07/18/15-great-work-from-home-jobs-for-parents/">15 Great Work-From-Home Jobs for Parents</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_date"><i class="fa fa-clock-o"></i> July 19, 2022</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/08/is-daylight-saving-time-hurting-your-wealth/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Is Daylight Saving Time Hurting Your Wealth?" decoding="async" data-src="https://www.moneytalksnews.com/workers/images/width=1920/wp-content/uploads/2024/04/05144332/shutterstock_1694722048-scaled.jpg?s=6e3b0ad0de42a51f7e3488962ed872c3ac54cf65f7143fe5ec3d08759a1c48de" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/08/is-daylight-saving-time-hurting-your-wealth/">Is Daylight Saving Time Hurting Your Wealth?</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_date"><i class="fa fa-clock-o"></i> April 9, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2023/04/21/15-easy-ways-that-actually-work/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="15 Easy Ways That Actually Work" decoding="async" data-src="https://wellkeptwallet.com/wp-content/uploads/make-30-fast-featured.png" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2023/04/21/15-easy-ways-that-actually-work/">15 Easy Ways That Actually Work</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_date"><i class="fa fa-clock-o"></i> April 23, 2023</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/07/easy-protein-packed-avocado-egg-salad-recipe/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Easy Protein-Packed Avocado Egg Salad Recipe" decoding="async" data-src="https://canadianbudgetbinder.com/wp-content/uploads/2024/04/Protein-Packed-Avocado-Egg-Salad-Recipe.png" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/07/easy-protein-packed-avocado-egg-salad-recipe/">Easy Protein-Packed Avocado Egg Salad Recipe</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_date"><i class="fa fa-clock-o"></i> April 11, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/10/is-your-401k-a-scam/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Is Your 401(k) A Scam?" decoding="async" data-src="https://thecollegeinvestor.com/wp-content/uploads/2024/04/Is_A_401k_A_Scam_1200x628.png" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/10/is-your-401k-a-scam/">Is Your 401(k) A Scam?</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_date"><i class="fa fa-clock-o"></i> April 11, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2023/06/12/17-real-ways-to-make-5-fast-in-2023/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="17 Real Ways to Make $5 Fast in 2023" decoding="async" data-src="https://wellkeptwallet.com/wp-content/uploads/5-dollars.jpeg" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2023/06/12/17-real-ways-to-make-5-fast-in-2023/">17 Real Ways to Make $5 Fast in 2023</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_date"><i class="fa fa-clock-o"></i> June 13, 2023</div> </div> </div> </div></div></div><div class="jeg_tabpost_item" id="jeg_tabpost_2"><div class="jegwidgetpopular"></div></div><div class="jeg_tabpost_item" id="jeg_tabpost_3"><div class="jegwidgetpopular"><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/22/betterment-acquires-marcus-invest-from-goldman-sachs/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Betterment Acquires Marcus Invest From Goldman Sachs" decoding="async" data-src="https://thecollegeinvestor.com/wp-content/uploads/2022/01/TWFBBETTERMARCUS.jpg.optimal.jpg" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/22/betterment-acquires-marcus-invest-from-goldman-sachs/">Betterment Acquires Marcus Invest From Goldman Sachs</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_like"><i class="fa fa-clock-o"></i> April 23, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/22/big-banks-are-touting-sweet-cd-yields-in-excess-of-5/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Big banks are touting sweet CD yields in excess of 5%" decoding="async" data-src="https://image.cnbcfm.com/api/v1/image/107345246-1702054946529-gettyimages-1294509749-s2200218.jpeg?v=1713801918&w=1920&h=1080" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/22/big-banks-are-touting-sweet-cd-yields-in-excess-of-5/">Big banks are touting sweet CD yields in excess of 5%</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_like"><i class="fa fa-clock-o"></i> April 23, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/21/mums-simple-british-potato-salad/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Mum’s Simple British Potato Salad" decoding="async" data-src="https://canadianbudgetbinder.com/wp-content/uploads/2024/04/Mums-British-Simple-Potato-Salad-Recipe.png" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/21/mums-simple-british-potato-salad/">Mum’s Simple British Potato Salad</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_like"><i class="fa fa-clock-o"></i> April 23, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/21/homemade-breakfast-sausage-sustainable-cooks/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Homemade Breakfast Sausage – Sustainable Cooks" decoding="async" data-src="https://www.sustainablecooks.com/wp-content/uploads/2024/04/homemade-breakfast-sausage-FB.jpg" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/21/homemade-breakfast-sausage-sustainable-cooks/">Homemade Breakfast Sausage – Sustainable Cooks</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_like"><i class="fa fa-clock-o"></i> April 23, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/20/15-gift-card-hacks-that-will-save-you-a-ton-of-money/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="15 Gift Card Hacks That Will Save You a Ton of Money" decoding="async" data-src="https://dollarsanity.com/wp-content/uploads/2023/02/pexels-pixabay-264771.jpg" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/20/15-gift-card-hacks-that-will-save-you-a-ton-of-money/">15 Gift Card Hacks That Will Save You a Ton of Money</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_like"><i class="fa fa-clock-o"></i> April 22, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/19/budget-travel-explore-american-history-and-literature-with-this/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="Budget Travel | Explore American History and Literature with This…" decoding="async" data-src="https://img.budgettravel.com/experience-history-and-literature-with-an-incredible-tour-through-alabama/_1200x630_crop_center-center_82_none/zach-farmer-TkunxoS98q0-unsplash.jpg?mtime=1713471859" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/19/budget-travel-explore-american-history-and-literature-with-this/">Budget Travel | Explore American History and Literature with This…</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_like"><i class="fa fa-clock-o"></i> April 22, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/19/15-of-the-best-companies-with-paid-parental-leave/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="15 of the Best Companies With Paid Parental Leave" decoding="async" data-src="https://www.moneytalksnews.com/workers/images/width=1920/wp-content/uploads/2019/11/17232427/shutterstock_140065837.jpg?s=c0c62d1f859a38cee18542ea008fe0b8a6d567ed660decf6e855a7e8180a3aa3" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/19/15-of-the-best-companies-with-paid-parental-leave/">15 of the Best Companies With Paid Parental Leave</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_like"><i class="fa fa-clock-o"></i> April 20, 2024</div> </div> </div> </div><div class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://newsavemoney.com/index.php/2024/04/18/rpa-does-job-of-500-people-at-keybank/"><div class="thumbnail-container animate-lazy size-715 "><img src="https://newsavemoney.com/wp-content/themes/jnews/assets/img/jeg-empty.png" class="attachment-jnews-120x86 size-jnews-120x86 lazyload wp-post-image" alt="RPA does job of 500 people at KeyBank" decoding="async" data-src="https://bankautomationnews.com/wp-content/uploads/2023/10/400064866-scaled.jpg" data-srcset="" data-sizes="auto" data-expand="700" /></div></a> </div> <div class="jeg_postblock_content"> <h3 class="jeg_post_title"><a property="url" href="https://newsavemoney.com/index.php/2024/04/18/rpa-does-job-of-500-people-at-keybank/">RPA does job of 500 people at KeyBank</a></h3> <div class="jeg_post_meta"> <div class="jeg_meta_like"><i class="fa fa-clock-o"></i> April 19, 2024</div> </div> </div> </div></div></div></div></div></div><div class="widget widget_jnews_module_element_ads" id="jnews_module_element_ads-2"><div class='jeg_ad jeg_ad_module jnews_module_4168_1_6628452f455f7 '><div class='ads-wrapper'></div></div></div></div> </div> <div class="jeg_ad jeg_article jnews_article_bottom_ads"> <div class='ads-wrapper '></div> </div> </div> </div> </div> </div> <div id="post-body-class" class="post-template-default single single-post postid-4168 single-format-standard wp-embed-responsive jeg_toggle_dark jeg_single_tpl_1 jnews jsc_normal wpb-js-composer js-comp-ver-6.7.0 vc_responsive"></div> </div> <div class="post-ajax-overlay"> <div class="preloader_type preloader_dot"> <div class="newsfeed_preloader jeg_preloader dot"> <span></span><span></span><span></span> </div> <div class="newsfeed_preloader jeg_preloader circle"> <div class="jnews_preloader_circle_outer"> <div class="jnews_preloader_circle_inner"></div> </div> </div> <div class="newsfeed_preloader jeg_preloader square"> <div class="jeg_square"><div class="jeg_square_inner"></div></div> </div> </div> </div> </div> <div class="footer-holder" id="footer" data-id="footer"> <div class="jeg_footer jeg_footer_4 normal"> <div class="jeg_footer_container jeg_container"> <div class="jeg_footer_content"> <div class="container"> <div class="row"> <div class="jeg_footer_primary clearfix"> <div class="col-md-9 footer_column"> <ul class="jeg_menu_footer"><li id="menu-item-222" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-home menu-item-222"><a href="https://newsavemoney.com/">Home</a></li> <li id="menu-item-223" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-223"><a href="https://newsavemoney.com/index.php/disclaimer/">Disclaimer</a></li> <li id="menu-item-224" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-224"><a href="https://newsavemoney.com/index.php/privacy-policy/">Privacy Policy</a></li> <li id="menu-item-225" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-225"><a href="https://newsavemoney.com/index.php/dmca/">DMCA</a></li> <li id="menu-item-226" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-226"><a href="https://newsavemoney.com/index.php/cookie-privacy-policy/">Cookie Privacy Policy</a></li> <li id="menu-item-227" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-227"><a href="https://newsavemoney.com/index.php/terms-and-conditions/">Terms and Conditions</a></li> <li id="menu-item-228" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-228"><a href="https://newsavemoney.com/index.php/contact-us/">Contact us</a></li> </ul> </div> <div class="col-md-3 footer_column footer_right"> <div class="footer-text"> <strong> NEW SAVE MONEY </strong> </div> </div> </div> <div class="jeg_footer_secondary clearfix"> <div class="col-md-9 footer_column"> <p class="copyright"> Copyright © 2021 <a href="https://newsavemoney.com/" title=""></a> <a href="https://newsavemoney.com/" title="New Save Money">New Save Money</a>. </p> </div> <div class="col-md-3 footer_column footer_right"> <div class="jeg_social_icon_block socials_widget nobg"> <a href="https://www.facebook.com/New-Save-Money-101527095718788" target='_blank' rel='external noopener nofollow' class="jeg_facebook"><i class="fa fa-facebook"></i> </a><a href="https://www.linkedin.com/in/new-save-money-5b0987227/" target='_blank' rel='external noopener nofollow' class="jeg_twitter"><i class="fa fa-twitter"></i> </a><a href="https://twitter.com/newsavemoney" target='_blank' rel='external noopener nofollow' class="jeg_linkedin"><i class="fa fa-linkedin"></i> </a><a href="https://newsavemoney.tumblr.com/" target='_blank' rel='external noopener nofollow' class="jeg_tumblr"><i class="fa fa-tumblr"></i> </a><a href="https://newsavemoney.com/" target='_blank' rel='external noopener nofollow' class="jeg_rss"><i class="fa fa-rss"></i> </a> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="jscroll-to-top"> <a href="#back-to-top" class="jscroll-to-top_link"><i class="fa fa-angle-up"></i></a> </div> </div>  <div id="jeg_off_canvas" class="normal"> <a href="#" class="jeg_menu_close"><i class="jegicon-cross"></i></a> <div class="jeg_bg_overlay"></div> <div class="jeg_mobile_wrapper"> <div class="nav_wrap"> <div class="item_main">  <div class="jeg_aside_item jeg_search_wrapper jeg_search_no_expand round"> <a href="#" class="jeg_search_toggle"><i class="fa fa-search"></i></a> <form action="https://newsavemoney.com/" method="get" class="jeg_search_form" target="_top"> <input name="s" class="jeg_search_input" placeholder="Search..." type="text" value="" autocomplete="off"> <button aria-label="Search Button" type="submit" class="jeg_search_button btn"><i class="fa fa-search"></i></button> </form>  <div class="jeg_search_result jeg_search_hide with_result"> <div class="search-result-wrapper"> </div> <div class="search-link search-noresult"> No Result </div> <div class="search-link search-all-button"> <i class="fa fa-search"></i> View All Result </div> </div></div><div class="jeg_aside_item"> <ul class="jeg_mobile_menu"><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-home menu-item-215"><a href="https://newsavemoney.com/">Home</a></li> <li class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-221"><a href="https://newsavemoney.com/index.php/category/earn-money/">Earn Money</a></li> <li class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-216"><a href="https://newsavemoney.com/index.php/category/save-money/">Save Money</a></li> <li class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-219"><a href="https://newsavemoney.com/index.php/category/budgeting-tips/">Budgeting Tips</a></li> <li class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-217"><a href="https://newsavemoney.com/index.php/category/banking/">Banking</a></li> <li class="menu-item menu-item-type-taxonomy menu-item-object-category current-post-ancestor current-menu-parent current-post-parent menu-item-218"><a href="https://newsavemoney.com/index.php/category/personal-finance/">Personal Finance</a></li> <li class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-220"><a href="https://newsavemoney.com/index.php/category/mortgage-taxes/">Mortgage/Taxes</a></li> </ul></div> </div> <div class="item_bottom"> <div class="jeg_aside_item socials_widget nobg"> <a href="https://www.facebook.com/New-Save-Money-101527095718788" target='_blank' rel='external noopener nofollow' class="jeg_facebook"><i class="fa fa-facebook"></i> </a><a href="https://www.linkedin.com/in/new-save-money-5b0987227/" target='_blank' rel='external noopener nofollow' class="jeg_twitter"><i class="fa fa-twitter"></i> </a><a href="https://twitter.com/newsavemoney" target='_blank' rel='external noopener nofollow' class="jeg_linkedin"><i class="fa fa-linkedin"></i> </a><a href="https://newsavemoney.tumblr.com/" target='_blank' rel='external noopener nofollow' class="jeg_tumblr"><i class="fa fa-tumblr"></i> </a><a href="https://newsavemoney.com/" target='_blank' rel='external noopener nofollow' class="jeg_rss"><i class="fa fa-rss"></i> </a></div><div class="jeg_aside_item jeg_aside_copyright"> <p>Copyright © 2021 <a href="https://newsavemoney.com/" title=""></a> <a href="https://newsavemoney.com/" title="New Save Money">New Save Money</a>.</p> </div> </div> </div> </div> </div> <div id="jeg_loginform" class="jeg_popup mfp-with-anim mfp-hide"> <div class="jeg_popupform jeg_popup_account"> <form action="#" data-type="login" method="post" accept-charset="utf-8"> <h3>Welcome Back!</h3> <p>Login to your account below</p>  <div class="form-message"></div> <p class="input_field"> <input type="text" name="username" placeholder="Username" value=""> </p> <p class="input_field"> <input type="password" name="password" placeholder="Password" value=""> </p> <p class="input_field remember_me"> <input type="checkbox" id="remember_me" name="remember_me" value="true"> <label for="remember_me">Remember Me</label> </p> <div class="g-recaptcha" data-sitekey=""></div> <p class="submit"> <input type="hidden" name="action" value="login_handler"> <input type="hidden" name="jnews_nonce" value="ff61c16c2a"> <input type="submit" name="jeg_login_button" class="button" value="Log In" data-process="Processing . . ." data-string="Log In"> </p> <div class="bottom_links clearfix"> <a href="#jeg_forgotform" class="jeg_popuplink forgot">Forgotten Password?</a> </div> </form> </div> </div>  <div id="jeg_forgotform" class="jeg_popup mfp-with-anim mfp-hide"> <div class="jeg_popupform jeg_popup_account"> <form action="#" data-type="forgot" method="post" accept-charset="utf-8"> <h3>Retrieve your password</h3> <p>Please enter your username or email address to reset your password.</p>  <div class="form-message"></div> <p class="input_field"> <input type="text" name="user_login" placeholder="Your email or username" value=""> </p> <div class="g-recaptcha" data-sitekey=""></div> <p class="submit"> <input type="hidden" name="action" value="forget_password_handler"> <input type="hidden" name="jnews_nonce" value="ff61c16c2a"> <input type="submit" name="jeg_login_button" class="button" value="Reset Password" data-process="Processing . . ." data-string="Reset Password"> </p> <div class="bottom_links clearfix"> <a href="#jeg_loginform" class="jeg_popuplink"><i class="fa fa-lock"></i> Log In</a> </div> </form> </div> </div> <script type="text/javascript">var jfla = ["view_counter"]</script><div id="selectShareContainer"> <div class="selectShare-inner"> <div class="select_share jeg_share_button"> <button class="select-share-button jeg_btn-facebook" data-url="http://www.facebook.com/sharer.php?u=[url]"e=[selected_text]" data-post-url="https%3A%2F%2Fnewsavemoney.com%2Findex.php%2F2022%2F11%2F21%2Fwhat-it-is-and-how-to-avoid-it%2F" data-image-url="" data-title="What%20It%20Is%20And%20How%20To%20Avoid%20It" ><i class="fa fa-facebook-official"></i></a><button class="select-share-button jeg_btn-twitter" data-url="https://twitter.com/intent/tweet?text=[selected_text]&url=[url]" data-post-url="https%3A%2F%2Fnewsavemoney.com%2Findex.php%2F2022%2F11%2F21%2Fwhat-it-is-and-how-to-avoid-it%2F" data-image-url="" data-title="What%20It%20Is%20And%20How%20To%20Avoid%20It" ><i class="fa fa-twitter"></i></a> </div> <div class="selectShare-arrowClip"> <div class="selectShare-arrow"></div> </div> </div> </div><div class="jeg_read_progress_wrapper"><div class="jeg_progress_container top"><span class="progress-bar"></span></div></div><script type="text/javascript" src="https://newsavemoney.com/wp-includes/js/dist/vendor/wp-polyfill-inert.min.js?ver=3.1.2" id="wp-polyfill-inert-js"></script> <script type="text/javascript" src="https://newsavemoney.com/wp-includes/js/dist/vendor/regenerator-runtime.min.js?ver=0.14.0" id="regenerator-runtime-js"></script> <script type="text/javascript" src="https://newsavemoney.com/wp-includes/js/dist/vendor/wp-polyfill.min.js?ver=3.15.0" id="wp-polyfill-js"></script> <script type="text/javascript" id="contact-form-7-js-extra"> /* <![CDATA[ */ var wpcf7 = {"api":{"root":"https:\/\/newsavemoney.com\/index.php\/wp-json\/","namespace":"contact-form-7\/v1"},"cached":"1"}; /* ]]> */ </script> <script type="text/javascript" src="https://newsavemoney.com/wp-content/plugins/contact-form-7/includes/js/index.js?ver=5.5.3" id="contact-form-7-js"></script> <script type="text/javascript" src="https://newsavemoney.com/wp-content/plugins/jnews-auto-load-post/assets/js/jquery.autoload.js" id="jnews-autoload-js"></script> <script type="text/javascript" src="https://newsavemoney.com/wp-includes/js/comment-reply.min.js?ver=6.4.3" id="comment-reply-js" async="async" data-wp-strategy="async"></script> <script type="text/javascript" src="https://newsavemoney.com/wp-includes/js/hoverIntent.min.js?ver=1.10.2" id="hoverIntent-js"></script> <script type="text/javascript" src="https://newsavemoney.com/wp-includes/js/imagesloaded.min.js?ver=5.0.0" id="imagesloaded-js"></script> <script type="text/javascript" id="jnews-frontend-js-extra"> /* <![CDATA[ */ var jnewsoption = {"login_reload":"https:\/\/newsavemoney.com\/index.php\/2022\/11\/21\/what-it-is-and-how-to-avoid-it","popup_script":"magnific","single_gallery":"","ismobile":"","isie":"","sidefeed_ajax":"","language":"en_US","module_prefix":"jnews_module_ajax_","live_search":"1","postid":"4168","isblog":"1","admin_bar":"0","follow_video":"","follow_position":"top_right","rtl":"0","gif":"","lang":{"invalid_recaptcha":"Invalid Recaptcha!","empty_username":"Please enter your username!","empty_email":"Please enter your email!","empty_password":"Please enter your password!"},"recaptcha":"0","site_slug":"\/","site_domain":"newsavemoney.com","zoom_button":"1","autoload_limit":"10","autoload_content":""}; /* ]]> */ </script> <script type="text/javascript" src="https://newsavemoney.com/wp-content/themes/jnews/assets/dist/frontend.min.js?ver=10.0.3" id="jnews-frontend-js"></script>  <script type="text/javascript" src="https://stats.wp.com/e-202417.js" id="jetpack-stats-js" data-wp-strategy="defer"></script> <script type="text/javascript" id="jetpack-stats-js-after"> /* <![CDATA[ */ _stq = window._stq || []; _stq.push([ "view", JSON.parse("{\"v\":\"ext\",\"blog\":\"200523937\",\"post\":\"4168\",\"tz\":\"0\",\"srv\":\"newsavemoney.com\",\"j\":\"1:13.2.2\"}") ]); _stq.push([ "clickTrackerInit", "200523937", "4168" ]); /* ]]> */ </script> <script type="text/javascript" src="https://newsavemoney.com/wp-content/plugins/jnews-like/assets/js/plugin.js?ver=10.0.0" id="jnews-like-js"></script> <script type="text/javascript" id="jnews-select-share-js-extra"> /* <![CDATA[ */ var jnews_select_share = {"is_customize_preview":""}; /* ]]> */ </script> <script type="text/javascript" src="https://newsavemoney.com/wp-content/plugins/jnews-social-share/assets/js/plugin.js" id="jnews-select-share-js"></script> <script type="text/javascript" src="https://newsavemoney.com/wp-content/plugins/jnews-push-notification/assets/js/plugin.js?ver=10.0.0" id="jnews-push-notification-js"></script> <div class="jeg_ad jnews_mobile_sticky_ads "></div><script type='application/ld+json'>{"@context":"http:\/\/schema.org","@type":"article","mainEntityOfPage":{"@type":"WebPage","@id":"https:\/\/newsavemoney.com\/index.php\/2022\/11\/21\/what-it-is-and-how-to-avoid-it\/"},"dateCreated":"2022-11-21 08:15:00","datePublished":"2022-11-21 08:15:00","dateModified":"2022-11-22 23:20:23","url":"https:\/\/newsavemoney.com\/index.php\/2022\/11\/21\/what-it-is-and-how-to-avoid-it\/","headline":"What It Is And How To Avoid It","name":"What It Is And How To Avoid It","articleBody":" [ad_1]\r\n<br><div>\n<head>\n<meta charset=\"UTF-8\"\/>\n<meta name=\"viewport\" content=\"width=device-width, initial-scale=1\"\/>\n\t\t\n\t\t<meta name=\"robots\" content=\"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1\"\/>\n<link rel=\"preload\" as=\"style\" href=\"https:\/\/fonts.googleapis.com\/css?family=Source+Sans+Pro%3A400%2C600%2C700%7CRoboto%3A400%2C400i%2C700%2C700i%7CRaleway%3A400%2C400i%2C700%2C700i%2C800%2C800i&ver=1.0.2\" data-wpacu-preload-css-basic=\"1\"\/>\n<link rel=\"preload\" as=\"font\" href=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/themes\/millenial-money-expert\/webfonts\/fa-solid-900.woff2\" data-wpacu-preload-font=\"1\" crossorigin=\"\"\/>\n<link rel=\"preload\" as=\"font\" href=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/themes\/millenial-money-expert\/webfonts\/fa-brands-400.woff2\" data-wpacu-preload-font=\"1\" crossorigin=\"\"\/>\n<link rel=\"preload\" as=\"font\" href=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/themes\/millenial-money-expert\/webfonts\/fa-regular-400.woff2\" data-wpacu-preload-font=\"1\" crossorigin=\"\"\/>\n\n\n\n\n\n<meta property=\"og:description\" content=\"A 529 plan helps with higher education expenses so the last thing you want is to be hit with a penalty. Find out how to avoid them.\"\/>\n<meta property=\"og:title\" content=\"What Is A 529 Plan Penalty And How To Avoid It\"\/>\n<meta property=\"article_author\" content=\"https:\/\/www.facebook.com\/robert.farrington1\"\/>\n<meta property=\"article_publisher\" content=\"https:\/\/www.facebook.com\/thecollegeinvestor\"\/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/uploads\/2022\/11\/CollegeInvestor_1200x628_Understanding_EV_Tax_Credits-2.jpg\"\/>\n<meta property=\"fb:app_id\" content=\"529576650555031\"\/>\n<meta property=\"og:type\" content=\"article\"\/>\n<meta property=\"og:url\" content=\"https:\/\/thecollegeinvestor.com\/41434\/avoid-529-plan-penalty\/\"\/>\n<meta property=\"og:site_name\" content=\"The College Investor\"\/>\n<meta property=\"article:published_time\" content=\"2022-11-21T00:15:00-08:00\"\/>\n<meta property=\"article:modified_time\" content=\"2022-11-21T07:21:36-08:00\"\/>\n<meta property=\"og:updated_time\" content=\"2022-11-21T07:21:36-08:00\"\/>\n<meta name=\"twitter:title\" content=\"What Is A 529 Plan Penalty And How To Avoid It\"\/>\n<meta name=\"twitter:description\" content=\"A 529 plan helps with higher education expenses so the last thing you want is to be hit with a penalty. Find out how to avoid them.\"\/>\n<meta name=\"twitter:image\" content=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/uploads\/2022\/11\/CollegeInvestor_1200x628_Understanding_EV_Tax_Credits-2.jpg\"\/>\n<meta name=\"twitter:site\" content=\"@collegeinvestin\"\/>\n<meta name=\"twitter:creator\" content=\"@collegeinvestin\"\/>\n<meta name=\"twitter:card\" content=\"summary_large_image\"\/>\n\n\n\n\n\t\n\t<title>529 Plan Penalty: What It Is And How To Keep away from It<\/title>\n\t<meta name=\"description\" content=\"A 529 plan helps with higher education expenses so the last thing you want is to be hit with a penalty. Find out how to avoid them.\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/thecollegeinvestor.com\/41434\/avoid-529-plan-penalty\/\"\/>\n\t<meta property=\"og:locale\" content=\"en_US\"\/>\n\t<meta property=\"og:type\" content=\"article\"\/>\n\t<meta property=\"og:title\" content=\"What Is A 529 Plan Penalty And How To Avoid It\"\/>\n\t<meta property=\"og:description\" content=\"A 529 plan helps with higher education expenses so the last thing you want is to be hit with a penalty. Find out how to avoid them.\"\/>\n\t<meta property=\"og:url\" content=\"https:\/\/thecollegeinvestor.com\/41434\/avoid-529-plan-penalty\/\"\/>\n\t<meta property=\"og:site_name\" content=\"The College Investor\"\/>\n\t<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thecollegeinvestor\"\/>\n\t<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Robert-Farrington-103351621355070\"\/>\n\t<meta property=\"article:published_time\" content=\"2022-11-21T08:15:00+00:00\"\/>\n\t<meta property=\"article:modified_time\" content=\"2022-11-21T15:21:36+00:00\"\/>\n\t<meta property=\"og:image\" content=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/uploads\/2022\/11\/CollegeInvestor_1280x720_Understanding_EV_Tax_Credits-2.jpg\"\/>\n\t<meta property=\"og:image:width\" content=\"1280\"\/>\n\t<meta property=\"og:image:height\" content=\"720\"\/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\"\/>\n\t<meta name=\"author\" content=\"Robert Farrington\"\/>\n\t<meta name=\"twitter:card\" content=\"summary_large_image\"\/>\n\t<meta name=\"twitter:creator\" content=\"@rrobfarrington\"\/>\n\t<meta name=\"twitter:site\" content=\"@collegeinvestin\"\/>\n\t<meta name=\"twitter:label1\" content=\"Written by\"\/>\n\t<meta name=\"twitter:data1\" content=\"Robert Farrington\"\/>\n\t\n\t\n\n\n<link rel=\"dns-prefetch\" href=\"https:\/\/a.omappapi.com\"\/>\n\n<link rel=\"stylesheet\" id=\"wpacu-combined-css-head-1\" href=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/cache\/asset-cleanup\/css\/head-62b0f49cc94fde38620203c5c477e6779c676faf.css\" type=\"text\/css\" media=\"all\"\/>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n<link rel=\"https:\/\/api.w.org\/\" href=\"https:\/\/thecollegeinvestor.com\/wp-json\/\"\/><link rel=\"alternate\" type=\"application\/json\" href=\"https:\/\/thecollegeinvestor.com\/wp-json\/wp\/v2\/posts\/41434\"\/><link rel=\"EditURI\" type=\"application\/rsd+xml\" title=\"RSD\" href=\"https:\/\/thecollegeinvestor.com\/xmlrpc.php?rsd\"\/>\n<link rel=\"alternate\" type=\"application\/json+oembed\" href=\"https:\/\/thecollegeinvestor.com\/wp-json\/oembed\/1.0\/embed?url=https%3A%2F%2Fthecollegeinvestor.com%2F41434%2Favoid-529-plan-penalty%2F\"\/>\n<link rel=\"alternate\" type=\"text\/xml+oembed\" href=\"https:\/\/thecollegeinvestor.com\/wp-json\/oembed\/1.0\/embed?url=https%3A%2F%2Fthecollegeinvestor.com%2F41434%2Favoid-529-plan-penalty%2F&format=xml\"\/>\n\n\n\n\n\n\n\n<link rel=\"pingback\" href=\"https:\/\/thecollegeinvestor.com\/xmlrpc.php\"\/>\n\n<meta name=\"bankrate-site-verification\" content=\"0c780530cbb986ef7a68\"\/><meta name=\"ahrefs-site-verification\" content=\"4df802258edcc7c538b0fe5cb302fd1c7cb145d9a4e83518343720ccc8670541\"\/> \n<meta property=\"fb:pages\" content=\"143249955697596\"\/> \n \n <meta name=\"onesignal\" content=\"wordpress-plugin\"\/>\n \n<link rel=\"icon\" href=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/uploads\/2020\/08\/cropped-facicon-cap-32x32.png\" sizes=\"32x32\"\/>\n<link rel=\"icon\" href=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/uploads\/2020\/08\/cropped-facicon-cap-192x192.png\" sizes=\"192x192\"\/>\n<link rel=\"apple-touch-icon\" href=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/uploads\/2020\/08\/cropped-facicon-cap-180x180.png\"\/>\n<meta name=\"msapplication-TileImage\" content=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/uploads\/2020\/08\/cropped-facicon-cap-270x270.png\"\/>\n\t\t\t \t\t\t\t\t\n\t\t<\/head>\n<body class=\"post-template-default single single-post postid-41434 single-format-standard header-image content-sidebar genesis-breadcrumbs-visible genesis-footer-widgets-visible\" id=\"wp_automatic_ReadabilityBody\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 0 0\" width=\"0\" height=\"0\" focusable=\"false\" role=\"none\" style=\"visibility: hidden; position: absolute; left: -9999px; overflow: hidden;\"><defs><filter id=\"wp-duotone-dark-grayscale\"><fecolormatrix color-interpolation-filters=\"sRGB\" type=\"matrix\" values=\" .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 \"\/><fecomponenttransfer color-interpolation-filters=\"sRGB\"><fefuncr type=\"table\" tablevalues=\"0 0.49803921568627\"\/><fefuncg type=\"table\" tablevalues=\"0 0.49803921568627\"\/><fefuncb type=\"table\" tablevalues=\"0 0.49803921568627\"\/><fefunca type=\"table\" tablevalues=\"1 1\"\/><\/fecomponenttransfer><fecomposite in2=\"SourceGraphic\" operator=\"in\"\/><\/filter><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 0 0\" width=\"0\" height=\"0\" focusable=\"false\" role=\"none\" style=\"visibility: hidden; position: absolute; left: -9999px; overflow: hidden;\"><defs><filter id=\"wp-duotone-grayscale\"><fecolormatrix color-interpolation-filters=\"sRGB\" type=\"matrix\" values=\" .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 \"\/><fecomponenttransfer color-interpolation-filters=\"sRGB\"><fefuncr type=\"table\" tablevalues=\"0 1\"\/><fefuncg type=\"table\" tablevalues=\"0 1\"\/><fefuncb type=\"table\" tablevalues=\"0 1\"\/><fefunca type=\"table\" tablevalues=\"1 1\"\/><\/fecomponenttransfer><fecomposite in2=\"SourceGraphic\" operator=\"in\"\/><\/filter><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 0 0\" width=\"0\" height=\"0\" focusable=\"false\" role=\"none\" style=\"visibility: hidden; position: absolute; left: -9999px; overflow: hidden;\"><defs><filter id=\"wp-duotone-purple-yellow\"><fecolormatrix color-interpolation-filters=\"sRGB\" type=\"matrix\" values=\" .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 \"\/><fecomponenttransfer color-interpolation-filters=\"sRGB\"><fefuncr type=\"table\" tablevalues=\"0.54901960784314 0.98823529411765\"\/><fefuncg type=\"table\" tablevalues=\"0 1\"\/><fefuncb type=\"table\" tablevalues=\"0.71764705882353 0.25490196078431\"\/><fefunca type=\"table\" tablevalues=\"1 1\"\/><\/fecomponenttransfer><fecomposite in2=\"SourceGraphic\" operator=\"in\"\/><\/filter><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 0 0\" width=\"0\" height=\"0\" focusable=\"false\" role=\"none\" style=\"visibility: hidden; position: absolute; left: -9999px; overflow: hidden;\"><defs><filter id=\"wp-duotone-blue-red\"><fecolormatrix color-interpolation-filters=\"sRGB\" type=\"matrix\" values=\" .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 \"\/><fecomponenttransfer color-interpolation-filters=\"sRGB\"><fefuncr type=\"table\" tablevalues=\"0 1\"\/><fefuncg type=\"table\" tablevalues=\"0 0.27843137254902\"\/><fefuncb type=\"table\" tablevalues=\"0.5921568627451 0.27843137254902\"\/><fefunca type=\"table\" tablevalues=\"1 1\"\/><\/fecomponenttransfer><fecomposite in2=\"SourceGraphic\" operator=\"in\"\/><\/filter><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 0 0\" width=\"0\" height=\"0\" focusable=\"false\" role=\"none\" style=\"visibility: hidden; position: absolute; left: -9999px; overflow: hidden;\"><defs><filter id=\"wp-duotone-midnight\"><fecolormatrix color-interpolation-filters=\"sRGB\" type=\"matrix\" values=\" .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 \"\/><fecomponenttransfer color-interpolation-filters=\"sRGB\"><fefuncr type=\"table\" tablevalues=\"0 0\"\/><fefuncg type=\"table\" tablevalues=\"0 0.64705882352941\"\/><fefuncb type=\"table\" tablevalues=\"0 1\"\/><fefunca type=\"table\" tablevalues=\"1 1\"\/><\/fecomponenttransfer><fecomposite in2=\"SourceGraphic\" operator=\"in\"\/><\/filter><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 0 0\" width=\"0\" height=\"0\" focusable=\"false\" role=\"none\" style=\"visibility: hidden; position: absolute; left: -9999px; overflow: hidden;\"><defs><filter id=\"wp-duotone-magenta-yellow\"><fecolormatrix color-interpolation-filters=\"sRGB\" type=\"matrix\" values=\" .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 \"\/><fecomponenttransfer color-interpolation-filters=\"sRGB\"><fefuncr type=\"table\" tablevalues=\"0.78039215686275 1\"\/><fefuncg type=\"table\" tablevalues=\"0 0.94901960784314\"\/><fefuncb type=\"table\" tablevalues=\"0.35294117647059 0.47058823529412\"\/><fefunca type=\"table\" tablevalues=\"1 1\"\/><\/fecomponenttransfer><fecomposite in2=\"SourceGraphic\" operator=\"in\"\/><\/filter><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 0 0\" width=\"0\" height=\"0\" focusable=\"false\" role=\"none\" style=\"visibility: hidden; position: absolute; left: -9999px; overflow: hidden;\"><defs><filter id=\"wp-duotone-purple-green\"><fecolormatrix color-interpolation-filters=\"sRGB\" type=\"matrix\" values=\" .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 \"\/><fecomponenttransfer color-interpolation-filters=\"sRGB\"><fefuncr type=\"table\" tablevalues=\"0.65098039215686 0.40392156862745\"\/><fefuncg type=\"table\" tablevalues=\"0 1\"\/><fefuncb type=\"table\" tablevalues=\"0.44705882352941 0.4\"\/><fefunca type=\"table\" tablevalues=\"1 1\"\/><\/fecomponenttransfer><fecomposite in2=\"SourceGraphic\" operator=\"in\"\/><\/filter><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 0 0\" width=\"0\" height=\"0\" focusable=\"false\" role=\"none\" style=\"visibility: hidden; position: absolute; left: -9999px; overflow: hidden;\"><defs><filter id=\"wp-duotone-blue-orange\"><fecolormatrix color-interpolation-filters=\"sRGB\" type=\"matrix\" values=\" .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 .299 .587 .114 0 0 \"\/><fecomponenttransfer color-interpolation-filters=\"sRGB\"><fefuncr type=\"table\" tablevalues=\"0.098039215686275 1\"\/><fefuncg type=\"table\" tablevalues=\"0 0.66274509803922\"\/><fefuncb type=\"table\" tablevalues=\"0.84705882352941 0.41960784313725\"\/><fefunca type=\"table\" tablevalues=\"1 1\"\/><\/fecomponenttransfer><fecomposite in2=\"SourceGraphic\" operator=\"in\"\/><\/filter><\/defs><\/svg>\n\n\n\t\t\t\t<noscript><iframe src=\"https:\/\/www.googletagmanager.com\/ns.html?id=GTM-PPDMM6S\" height=\"0\" width=\"0\" style=\"display:none;visibility:hidden\" aria-hidden=\"true\"><\/iframe><\/noscript>\n\n\n \n<noscript><iframe src=\"https:\/\/www.googletagmanager.com\/ns.html?id=GTM-PPDMM6S\" height=\"0\" width=\"0\" style=\"display:none;visibility:hidden\"><\/iframe><\/noscript> \n\n<a href=\"https:\/\/thecollegeinvestor.com\/41434\/avoid-529-plan-penalty\/javascript:void(0);\" id=\"wpdUserContentInfoAnchor\" style=\"display:none;\" rel=\"#wpdUserContentInfo\" data-wpd-lity=\"\">wpDiscuz<\/a><p><textarea id=\"wpd-editor-source-code\"\/><button id=\"wpd-insert-source-code\">Insert<\/button><input type=\"hidden\" id=\"wpd-editor-uid\"\/><\/p> \n \n \n<link rel=\"stylesheet\" id=\"wpacu-combined-css-body-1\" href=\"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/cache\/asset-cleanup\/css\/body-46b151ec3902a628417f5c13fe8269efe869ba8f.css\" type=\"text\/css\" media=\"all\"\/><noscript><link rel=\"stylesheet\" id=\"wpacu-moved-from-head-to-body-wpdiscuz-combo-css-css\" href=\"https:\/\/thecollegeinvestor.com\/wp-content\/plugins\/wpdiscuz\/assets\/css\/wpdiscuz-combo.min.css?ver=6.1.1\" type=\"text\/css\" media=\"all\"\/><\/noscript>\n\n<noscript><link data-wpacu-to-be-preloaded-basic=\"1\" rel=\"stylesheet\" id=\"wpacu-moved-from-head-to-body-genesis-sample-fonts-css\" href=\"https:\/\/fonts.googleapis.com\/css?family=Source+Sans+Pro%3A400%2C600%2C700%7CRoboto%3A400%2C400i%2C700%2C700i%7CRaleway%3A400%2C400i%2C700%2C700i%2C800%2C800i&ver=1.0.2\" type=\"text\/css\" media=\"all\"\/><\/noscript>\n\n\n\n\n\n\n<div style=\"position:absolute;overflow:hidden;clip:rect(0 0 0 0);height:1px;width:1px;margin:-1px;padding:0;border:0\"><p>[class^=\"wpforms-\"]<\/p><p>[class^=\"wpforms-\"]<\/p><\/div>\t\t\n\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\n\t\t\t\t\n\t\t<\/body><\/div>\r\n<br>[ad_2]\r\n<br><a href=\"https:\/\/thecollegeinvestor.com\/41434\/avoid-529-plan-penalty\/\">Source link <\/a>","author":{"@type":"Person","name":"New Save Money","url":"https:\/\/newsavemoney.com\/index.php\/author\/admin\/","sameAs":["http:\/\/newsavemoney.com"]},"articleSection":["Personal Finance"],"image":{"@type":"ImageObject","url":"https:\/\/cdn.thecollegeinvestor.com\/wp-content\/uploads\/2022\/11\/CollegeInvestor_1200x628_Understanding_EV_Tax_Credits-2.jpg","width":0,"height":0},"publisher":{"@type":"Organization","name":"","url":"https:\/\/newsavemoney.com","logo":{"@type":"ImageObject","url":""},"sameAs":["https:\/\/www.facebook.com\/New-Save-Money-101527095718788","https:\/\/www.linkedin.com\/in\/new-save-money-5b0987227\/","https:\/\/twitter.com\/newsavemoney","https:\/\/newsavemoney.tumblr.com\/","https:\/\/newsavemoney.com\/"]}}</script> <script type='application/ld+json'>{"@context":"http:\/\/schema.org","@type":"hentry","entry-title":"What It Is And How To Avoid It","published":"2022-11-21 08:15:00","updated":"2022-11-22 23:20:23"}</script> <script type='application/ld+json'>{"@context":"http:\/\/schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https:\/\/newsavemoney.com","name":"Home"}},{"@type":"ListItem","position":2,"item":{"@id":"https:\/\/newsavemoney.com\/index.php\/category\/personal-finance\/","name":"Personal Finance"}},{"@type":"ListItem","position":3,"item":{"@id":"https:\/\/newsavemoney.com","name":"Home"}},{"@type":"ListItem","position":4,"item":{"@id":"https:\/\/newsavemoney.com\/index.php\/category\/personal-finance\/","name":"Personal Finance"}}]}</script> <script type="text/javascript">;!function(){"use strict";window.jnews=window.jnews||{},window.jnews.first_load=window.jnews.first_load||{},window.jnews.first_load=function(){var e=this,t=jnews.library,n="object"==typeof jnews&&"object"==typeof jnews.library;e.data=null,e.run_ajax=!0,e.run_loginregister=!0,e.clear=function(){e.run_ajax=!0,e.run_loginregister=!0,e.data=null},e.init=function(){n&&(t.globalBody.querySelectorAll(".jeg_popup_account").length&&jnews.loginregister&&e.run_loginregister&&(e.run_loginregister=!1,jnews.loginregister.init(),jnews.loginregister.hook_form()),jfla.length&&e.run_ajax&&(e.run_ajax=!1,e.do_ajax({action:"jnews_first_load_action",jnews_id:jnewsoption.postid,load_action:jfla})))},e.update_counter=function(){if(n){var o={total_view:t.globalBody.querySelectorAll(".jeg_share_stats .jeg_views_count .counts"),total_share:t.globalBody.querySelectorAll(".jeg_share_stats .jeg_share_count .counts"),total_comment:t.globalBody.querySelectorAll(".jeg_meta_comment a span")};t.forEach(e.data.counter,(function(e,n){o[n].length&&t.forEach(o[n],(function(n,o){t.setText(n,e)}))}))}},e.do_ajax=function(o){if(n){var a=new XMLHttpRequest;a.onreadystatechange=function(){XMLHttpRequest.DONE===a.readyState&&200==a.status&&(e.data=JSON.parse(a.responseText),e.data.counter&&"object"==typeof e.data.counter&&e.update_counter())},a.open("POST",jnews_ajax_url,!0),a.setRequestHeader("Content-Type","application/x-www-form-urlencoded; charset=UTF-8"),a.send(t.httpBuildQuery(o))}}},window.jnews.first_load=new window.jnews.first_load,jnews.first_load.init()}();</script></body> </html>