Welcome to the Jill on Money Coronovirus Market Update. We are at the end of a week.

Thank goodness we're recording this at 416 on Friday afternoon and what a week it has been.

Actually a ton of bad news and yet markets went higher. So I'm done trying to figure out the

wise. It could be that the investment community is correct that this is all

going to be a short-lived crisis for companies or it could be that they're wrong and we will

revisit the lows time will tell but we don't have to worry we are long-term

investors on the week the stock, the stock market, broad stock market, S&P 500, up 3%, NASDAQ ahead by 6%,

and poor Russell 2000, those small companies,

they are taking it on the chin.

Let's talk about a tale of two indices.

The Russell 2000 is down 26% this year.

The NASDAQ composite is down by just 3.5% this year.

Wow.

But we are here to answer your questions, ladies and gentlemen.

And so if you've got them, send them our way.

Our email address is Ask Jill at Jill on money.com.

Ask Jill at Jill on money. com. So let's start with Molly who says her son is a freshman in college and they had put money aside in a 529 plan to pay for expenses.

We're fortunate in that his school is planning to refund 45% of the dormitory fee because they had

the students move out for the second half of the semester due to COVID-19.

That's amazing by the way.

My question is, how do we avoid paying penalties

for using the 529 to pay for eligible expenses

...