YES, 529 withdrawals can also be used for R&B, as long as your son is at least a half-time student. NOTE: Off-campus housing costs are covered up to the allowance for R&B that the college includes in its cost of attendance as reported to the U.S. Dep
I agree with most of what Drew says. There's not much advantage, and some potential disadvantages, if you save more in a 529 than you ultimately need to pay for college, even when the excess can be withdrawn penalty-free.
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
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
