Re: 529 financial plans

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

We attended a webcast from Fidelity.

I attached the slidedeck in case you're interested.

 > From: Robert <http://dummy.us.eu.org/robert>
 > Date: Sun, 22 Feb 2015 09:02:28 -0800
 >
 > 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<mailto: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.