A CESA gives you access to many more fund choices than does a 529. Also, the fees associated with a CESA may be lower than many 529s. I would not say that there is no point in having one if the K-12 provision goes away.
As an aside, it may make sense to max up the availalbe Perkins and Stafford loans--why--because rules essentially wipe out such loans if at end of the road the young man is unable to enter job market--and other rules provide for forgivness if he ente
The UGMA assets belong to the grandson, so his tax return will account for the gain. He will most likely need his own tax return done, but it will be affected by his parents' retun (due to the kiddie tax).
The GPs assets make no sense to include. Its not rocket science to make a UGMA disappear from the counted assets and with a bit of thinking one can do so w/o apparent violation of applicable laws. Now if one times such a move poorly then the income
I have one son who went to a parochial high school (grade school too)and it paid off in that he is graduating next year as a chem engineer. Books, tuition, room, and board were scholarship paid. That was a great investment and I hope he doesn't decid
Bottom line is if you don't feel that you're getting any benefit from your engagement with the bank securities salesman, then no time period justifies paying a fee.
You should reflect on why the WV plan was recommended originally, compar
Since you have QHEE you can withdraw the $$ and do anything you want with it. Assuming that you've synchronized the use of the QHEE with tax credits or Hope Scholarship, you shouldn't need to try and do a rollover. If you want to bolster your 529 s
The plan covers out of state institutions and has various indexes --what I meant and need to clarify is that if you exit the GSP itself, take your money out to put it in another plan that a few years ago the GSP plan rules changed and you have a di
Well technically I differ with anonymous, the 529 is a completed gift to the beneficiary at least for Federal tax purposes and it is likley that state law either conforms to same or does not addres it otherwise.
