Get the free Edvest College Savings Plan Withdrawal Request Form

This form is used to request a withdrawal from the Edvest College Savings Plan account, detailing the types of withdrawals and requirements, including tax implications for non-qualified withdrawals.

How to fill out edvest college savings plan

How to fill out Edvest College Savings Plan Withdrawal Request Form

1. Begin by downloading the Edvest College Savings Plan Withdrawal Request Form from the official website.
2. Fill in your personal information, including your name, address, and account number.
3. Indicate the type of withdrawal you are requesting, such as for qualified education expenses.
4. Provide details about the beneficiary, including their name and institution they will attend.
5. Specify the amount you wish to withdraw.
6. Sign and date the form to verify that all information is accurate.
7. Submit the completed form as instructed, either online or by mail, based on the guidelines provided.

Who needs Edvest College Savings Plan Withdrawal Request Form?

1. Account holders of the Edvest College Savings Plan who wish to withdraw funds.
2. Beneficiaries attending college or other qualifying educational institutions.
3. Parents or guardians managing the account for their children.

People Also Ask about

What happens to 529 money if you don't spend it?

Most plans offer two options: make an ACH deposit to your bank account or have a check printed and mailed. Some 529 plans allow account owners to make electronic payments directly to the college towards paying tuition expenses.

How long does money have to be in a 529 before you can take it out?

Transfer the 529 account to a new beneficiary. If your child decides not to go to college or only uses part of the total funds while in school, you can transfer the remaining funds to another family member who is planning to attend college.

How do I withdraw money from my Edvest account?

How to do it online Log in to your account online. Select the type of withdrawal: Select where the funds will be sent: For funds sent to the Owner or Beneficiary, select “Partial” or “Total” account balance withdrawal. If you have more than one investment portfolio, select “Prorated Amount” or “By Specific Portfolio.”

How to withdraw money from a 529 college savings plan?

If the amount withdrawn exceeds the amount of the scholarship, the earnings portion of the amount withdrawn will be subject to the additional 10% federal penalty tax. Please consult with a qualified tax professional or consultant.

How do I withdraw money from my 529 plan?

529 plans do not have specific withdrawal deadlines. A 529 plan account owner is not required to take a distribution when the beneficiary reaches a certain age or within a specified number of years after high school graduation, and funds can remain in the 529 plan account indefinitely.

For pdfFiller’s FAQs

What is Edvest College Savings Plan Withdrawal Request Form?

The Edvest College Savings Plan Withdrawal Request Form is a document used by account holders to request the withdrawal of funds from their Edvest College Savings Plan account for qualified education expenses.

Who is required to file Edvest College Savings Plan Withdrawal Request Form?

Account holders or beneficiaries who wish to withdraw funds from their Edvest College Savings Plan account for qualified educational expenses are required to file this form.

How to fill out Edvest College Savings Plan Withdrawal Request Form?

To fill out the Edvest College Savings Plan Withdrawal Request Form, follow the instructions provided on the form, which typically include entering personal details, specifying the withdrawal amount, indicating the purpose of the withdrawal, and providing necessary documentation for qualified expenses.

What is the purpose of Edvest College Savings Plan Withdrawal Request Form?

The purpose of the Edvest College Savings Plan Withdrawal Request Form is to facilitate the process of withdrawing funds from the account to cover eligible education-related expenses, such as tuition, fees, books, and other costs associated with higher education.

What information must be reported on Edvest College Savings Plan Withdrawal Request Form?

The Edvest College Savings Plan Withdrawal Request Form requires information such as the account holder's name, account number, beneficiary's name, amount requested, purpose of the withdrawal, and any supporting documentation for the educational expenses.