College Funds (529 Plan)
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...
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...
Guide
Common Mistakes In 529 Plans
Congratulations! You have saved for your child's education using a state 529 plan and built up a decent nest egg to send him or her off to c...
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Guide
A New Approach to College Savings
Written by Winnie Sun, Financial AdviserPRO+ in Irvine, CA
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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
Superfunding Your 529 Plan
Written by Dan Crimmins, Financial Adviser in Woodcliff Lake, NJ
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Guide
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