A direct-sold 529 plan is sold directly by a state rather than by a financial professional.
A distribution from a 529 plan is a withdrawal of funds by an account owner from an account in the 529 plan. Distributions can be qualified or non-qualified, which determines whether the earnings portion of the distribution must be reported as taxable income and whether it is subject to a tax penalty.
A dynamic investment portfolio changes its asset allocation over time. A year of enrollment portfolio is an example of a dynamic investment portfolio. See also: Year of Enrollment Portfolio.