Send us a text

529 plans show up on the Series 7 more than people expect — and most students miss points because of tax timing, not definitions.

In this episode, we do a deep dive on 529 College Savings Plans for the Series 7 exam, including:
• How 529 plans are taxed
• Contribution rules and 5-year gift tax averaging
• Qualified vs nonqualified withdrawals
• State vs federal tax treatment
• What a registered representative must disclose when a client uses an out-of-state 529
• The calendar year vs academic year trap that causes penalties on the exam

Key takeaway for the Series 7:
529 withdrawals are matched to expenses based on the calendar year the expenses are paid — not the semester or academic year.

This episode includes exam-style multiple-choice questions and explanations designed to build test-day confidence, not just memorization.

If you are studying for the Series 7, SIE, or Series 66, this is a must-watch topic.

Topics Covered

529 plan tax benefits
529 gift tax rules and 5-year averaging
Qualified education expenses
Nonqualified withdrawals and penalties
Out-of-state 529 disclosures
Calendar year vs academic year allocation
Series 7 suitability and disclosure questions

Who This Video Is For

• Series 7 exam candidates
• SIE candidates
• Series 66 candidates
• Registered representatives in training
• Anyone confused by 529 withdrawal timing

📚 About the Podcast

Real-world finance explained the way exams and real life actually test it.
Ideal for the SIE, Series 7, Series 65/66, and anyone who wants to actually understand money—not just memorize buzzwords.

⚠️ Disclosure

This podcast is for educational purposes only and is not a recommendation to buy or sell any security. Opinions expressed are solely those of the host.

🚀 Go Deeper

Live classes, tutoring, practice questions, and bonus content:

👉 Website / Classes: https://capitaladvantagetutoring.com

👉 YouTube: https://youtube.com/@Series7exam

👉 Substack:https://substack.com/@series7whisperer?

New episodes weekly — subscribe so you don’t miss one.