College Funds (529 Plan)

Guide  

Q&A
Asked by Dennis
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Interesting question, however, the use of 529 plan assets - tax-free - are narrowly defined and financing costs are not one of them. For example, you cannot use 529 p...
Q&A
Asked by Mary
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - The annual gift tax exclusion allows you to give $14,000 per year to any one person without filing a gift tax return. A married couple who "join" in the gift ca...
Guide  

Guide  

Q&A
Asked by Martha
Answered by Winnie Sun, Financial AdviserPRO+ in Irvine, CA
Hi Martha, Thanks for the question. In order to utilize 529 funds for higher education purposes, the IRS does want to make sure that you are attending school at least...
Q&A
Asked by Edna
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - 1) He can use the funds for graduate school or 2) you can transfer the account to another family member - including yourself - for college. Lastly, you can ca...
Guide  

Guide  

Guide  

Ask a pro a question
Have your question answered by a professional
Characters remaining: 140
$firstLetter
Asking as: $ss.eas.userParams.displayName
Log in or sign up with email
By submitting you agree to our Terms of Service
Free MoneyTips Membership!

Get FREE, full access to MoneyTips.com