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To withdraw from the John Hancock Freedom 529 plan, call 866-222-7498 or visit johnhancockfreedom529.com and click \u201cAccess your account\u201d on the right-hand side. Make sure to have your account number and Social Security number available.
Under the FDIC's rules, in most cases, deposits that a 529-plan administrator places at a bank on behalf of different individuals are federally insured up to $250,000 for each participant.
Regardless of your age, you can set up a Section 529 plan for yourself to fund educational expenses now or in the future. You can use the money in a 529 plan to upgrade your skills by just taking a few classes at a qualified college or trade school, or working towards a degree or advanced certificate.
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