If you have maxed out mortgage deductibility (taking out 100k for non housing purposes) can you count the intertest on additional takeouts which are put into a 529 plan as investment expense?
I've heard that there are situations in which a distribution from a 529 can be counted as income to the student beneficiary, which can really screw up their financial aid prospects for the following year. Is this in limited circumstances? ie a grand
In general, as with most mutual funds, fees are usually built in to the daily NAV (daily mutual fund price) you see published and based on how much of the particular fund shares you own, you are automat
Forget about GMa gifting and 529's. Too complicated. DS is maxed out on his Roth and his 401k has a holding period before the match vests. An alternative is available...
As we are setting up our retirement funds, it occurred to me th
Can't imagine 529's riding off into the sunset anytime soon--that would just be so politically incorrect. And even if that does someday happen, existing plans would likely be grandfathered. And even if there is no grandfathering, surely there would
Although I am not an attorney, I am fairly certain that the 529 does NOT get reported on an estate tax return of a deceased owner. Do not be confused by the word "owner" in the 529 world, as that person really does not own the asset but merely manag
I couldn't disagree with you more, on most of your points.
1) The way to make money is to buy low and sell high (or shorting), sure. But most people ... 99.9% of them, do not have the time it takes to time the market period. Anyone sayi
