529 Plan and College Savings

Question: How do I withdraw money from my Upromise account?

I have a Upromise account (not the 529, just the account for my savings) and a separate 529 account. My plan is not one of the Upromise “blessed” plans and, therefore, I can’t transfer the Upromise money directly into my 529 Plan. Does anyone know how I can cash out the money in my Upromise account? Or at least some way to transfer the money into my 529 (eg, open another 529 to get the money out and then transfer from that plan to my 529 without paying huge fees)?

Answer: I have a UPromise account, but have not set up a 529 yet. There is a link on their website that says “Already have a 529? – Link an Existing Account to your UPromise Account”

http://beginnersinvest.about.com/od/401k/a/aa122104a_3.htm

I am not sure what you mean by not have a “Blessed” account, but they should be able to link your UPromise account to your 529.

Here is their toll free number posted just under the above link: 1-800-587-7305 – 8AM to 8PM EST, M-F

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