529 plans can be rebalanced twice in 2009

I was surprised to see this when I visited our kids 529 plans to make a contribution. I assume this extra rebalancing is to compensate for funds damaged by the crash of 2010 ...

The Treasury Department and the IRS recently announced that for 2009 only, 529 plan account owners will be allowed to change Investment Options two times per year. This means that you can reallocate your investment to different investment options in your plan up to two times this year...

I've never done any rebalancing. I didn't realize that we are normally allowed to do that once a year. Something else to learn about!

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