Re: 529 financial plans

[Robert <http://dummy.us.eu.org/robert>]

The small disadvantage is that it counts against financial aid (I guess?).
But, if one knows that little financial aid is needed, it's probably worth
it.

Ca runs its own 529 fund (it's run by TIAA-CREF).  Because I don't
see time-based advantage to doing it now, I'll look into it further after
we're done with our taxes.

 > From: ", Flora" <http://www.state.vt.us/~Flora.>
 > Date: Sun, 22 Feb 2015 15:09:13 +0000
 >
 > I'm looking into this more. Yes, as a parent, the plan contributions grow 
 > income tax deferred and will not be taxed if used for a qualifying expense. The 
 > money in the account is still considered part of the parents' assets when 
 > financial aid is calculated.
 > 
 > I originally didn't see a big advantage, but will look into it again.
 > 
 > On Feb 21, 2015, at 9:07 PM, "Robert" <http://dummy.us.eu.org/robert<http://dummy.us.eu.org/robert>> wrote:
 > 
 > It looks like, from
 > 
 > https://www.fidelity.com/viewpoints/abcs-of-college-savings-plans
 > 
 > that you, as a parent, can stick money into the 529 tax-free.
 > 
 > As non-parents, it seems like it may be a good idea to stick money into
 > one for at least the last year of attendance.  I'll look into opening one.