Can a non-resident alien invest in a 529 plan


S

seanimrod

Hi:
I am in U.S on a work visa and would like to invest for my child's
college through ESA & 529 plan. I researched a few 529 plans (florida,
nevada, georgia) but the eligibility in them is for U.S citizens or
resident aliens. I understand that my status is "non-resident alien"
so I can't participate in those. Can someone confirm this? And are
there any states that do allow ppl in my status to participate in 529
plans?
Thnx for your time.

--------------------------------------
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L

learnfpga

Hi:
I am in U.S on a work visa and would like to invest for my child's
college through ESA & 529 plan. I researched a few 529 plans (florida,
nevada, georgia) but the eligibility in them is for U.S citizens or
resident aliens. I understand that my status is "non-resident alien"
so I can't participate in those. Can someone confirm this? And are
there any states that do allow ppl in my status to participate in 529
plans?
Thnx for your time.

If you are on work visa in USA you are a resident alien and not a Non-
Resident Alien. Dont confuse resident alien with green card. You can
do any kind of passive investing within the law if you are a resident
alien meaning you reside in US and have a lawful job.

Same applies for stock investing, IRA, roth-IRA etc. To be extra
certain you can contact the broker through whom you plan to get 529.

good luck

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 

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