Can a non-resident alien invest in a 529 plan

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Can a non-resident alien invest in a 529 plan seanimrod 02-27-2008  Re: Can a non-resident alien invest in a 529 plan learnfpga@gmail... 02-29-2008
Posted by on February 27, 2008, 8:41 am 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. -------------------------------------- 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. Posted by learnfpga@gmail.com on February 29, 2008, 1:47 pm On Feb 27, 8:41 am, seanim...@gmail.com wrote: > 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. Similar Threads Posted What to Invest in? September 15, 2007, 4:18 pm Where to invest my SEP? September 4, 2008, 2:02 pm Re: Safest way to invest 25k? October 7, 2006, 1:12 pm I have about 90k to invest in a mutual / ETF October 9, 2006, 5:02 am How/Where should I invest $1K in 2007??? January 16, 2007, 11:52 am Where to invest for dividend? March 21, 2007, 4:53 am Save and Invest? April 5, 2007, 7:19 pm How to invest off shore? December 16, 2007, 1:51 pm What to invest in during a recession? January 17, 2008, 5:16 pm Pay off student loans or invest or both? December 29, 2006, 5:02 am