On Mar 13th 2010, the current mgmt agreement CHET has with TIAA-CREF will expire. For CHET participants, pls notify the Connecticut State Treasurer Denise L. Nappier's office about changing the current manager TIAA-CREF if you're unhappy with perform
My son is thinking about moving off campus and renting a house with friends next year. Can I still use 529 monies to pay for rent, utilities, food for these off campus expenses?
Hard to say without seeing the whole picture. Normally, the bank is the custodian, and you are the "responsible individual" who makes certain decisions.
You should remove any excess contribution along with the earnings on that portion, and
According to the section in TurboTax about the AOTC, "40% of this (the AOTC credit), is a refundable credit, which means you can receive up to $1,000 (40% of the maximum $2,500) even if you owe no taxes." Apparently, then, the next $1,500 must be a
I thiink £8000.00 is big ask for somebody with a fair credit profile. Also most prime lenders require at least 3 years employment history. If however she has her new salary paid into her bank, she may be able to borrow a small loan from them. Alterna
IMO, I'd open a separate account in your name. If and when you feel like the GN is worthy of the funds, then you may as you wish in whatever gifting vehicle that is best for all. If you are just starting to fund the college account, you must realize
Yes, Drew, I am aware of that. But, then again, the FAFSA folks treat a UTMA 529 as a parental asset, so these types of accounts do invoke exceptions. Does anyone with an accounting background or personal experience with this issue have an answer f
MDK, yes that is correct. Since you had the distribution payable to yourself, the 1099-Q should have been sent to you with your social security number. There is a box checked that says you are not the account beneficiary. The taxable portion of the d
