529 Plan Assets

admin — Mon, 07 Sep 2009 21:08:08 +0000

Question: Does a 529 Plan assets count against a student for financial aid purposes? Answer: 529 plans are considered assets of the *parent* and must be reported on the FAFSA as such. In that sense, they are taken into account when your EFC is calculated and may “count against” in the sense that they could increase [...]

529 Plan Assets is a post from: 529 Plan and College Savings

IRAs And 529 Compared

admin — Wed, 12 Apr 2006 18:55:47 +0000

Advantages of IRAs and 529 Plans Compared Advantages: Disadvantages: Traditional IRA Can change investments any time Can choose your own investments Contribution tax deferred Contribution up to $3,000 year Withdrawals taxed Withdrawals not penalized if used for Higher education Cannot get diversified portfolio if small account Roth IRA Can change investments any time Can choose your own investments Withdrawals after establishing account for 5 years for higher education [...]

IRAs And 529 Compared is a post from: 529 Plan and College Savings

529 Plan and College Savings » iras

529 Plan Assets

IRAs And 529 Compared