Can I continue to contribute to my daughter's 529 plan?

I had made regular contributions to my daughter's 529 plan and used part of the fund for her RN degree. She is now 23 years old and is returning to school for her BSN. Is there an age restriction or can I start regular contributions again and use the 529 for her next degree?

College Tuition, Financial Planning
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May 2017

No age restrictions, so you can certainly add to the 529 plan if you want.  

However, I am not sure you stand to benefit much from its primary feature -- tax-deferred growth. Mainly because your contribution is going in and likely coming right back out to pay her BSN tuition.  If you need the state income tax deduction, then maybe a 529 is worth further consideration.  I also would advise you to be very conservative with how the money is invested.  The reason I throw caution is you lose flexibility in terms of how that money can be used once you add it to 529 plan.  Any gains withdrawn for non-school purposes are taxed at ordinary income rates and subject to a 10% IRS penalty.  Just want to make sure that whatever you do that it is a well-informed decision.  

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