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529 Plans

Tax-advantaged prepaid and savings plans for college tuition and related higher education expenses

133 Questions

What is another term for 529 plan?

Qualified Tuition Programs" and sometimes called "section 529 plans"

The characteristics of a prepaid tuition plan?

A prepaid tuition plan allows families to purchase tuition credits at current prices, which can be redeemed in the future for the cost of college tuition. These plans typically lock in tuition rates, offering protection against future increases in tuition costs. They can be used at eligible colleges and universities specified by the plan.

What kind of service is Fidelity 529?

A Fidelity 529 is a college savings plan that works much like a 401(k). Parents set one of these accounts up for a child, and the child can make withdrawals from it for higher education purposes tax free.

What are American Funds' 529 Basics about?

American Funds' 529 Basics is about a number of things. Anyone can contribute regardless of income level. Withdrawals from qualified expenses are exempted from federal taxes. Account owner always controls the account.

What is a 529 account used for in the US?

A 529 account is an account that is used in the United States for people who are saving for higher education expenses. Check out their official website, 529, for more information.

What is a benefit of a 529 plan?

many plans have a low monthly contribution requirement

How does the Scholars Choice 529 plan work?

The scholars choice 529 plan helps to save money to pay for higher education for ones children, or for oneself. It enables people to invest and use tax benefits to save up money for educational goals with the help of an advisor.

Why would someone need a 529 account?

A 529 account is a good idea for someone who is saving for college for their child. This option is a good choice because there are tax benefits to this type of account.

What investors did carter-wallace use for savings plan records?

Carter-Wallace used a range of investors for their savings plan records, including institutional investors and pension funds. They aimed to create a diversified portfolio to enhance returns and manage risk effectively. The specific investors involved would vary over time, depending on the financial strategies and market conditions. For detailed information, it would be best to consult the company's financial reports or investor relations communications.

Can you rollover a 403b plan into a 529 plan?

No. 529 Plans must be funded with cash payments. Funds would have to be withdrawn from the 403B plan, a 10% penalty would apply for withdrawls before age 59 1/2 and withdrawls would be subject to taxation.

If the loss of principle is not a concern, then go for it.

What is the meaning of CAL in kwh meter?

Calories/cm² (Cal/cm²) is a unit we use to measure this incident energy. You may also hear this energy measured in Joules/CM² but Cal/cm² is ...

Should you continue contributing to a 529 plan when a student is in college?

If the student has financed part or all of college with a loan that doesn't accrue interest until after they graduate, such as a Perkins or subsidized Stafford Loan, and you have a reasonable expectation that the 529 will continue to grow tax free and/or you are getting a tax benefit, then yes. At graduation, the student will apply those funds to the loan. Granted, we aren't talking about large gains here and there are a lot of "ifs" in this answer.

Is it possible to transfer funds from a 401k to a 529 plan?

No, you cannot directly transfer funds from a 401(k) to a 529 plan. However, you can withdraw funds from a 401(k) and then contribute them to a 529 plan, but this may incur taxes and potential penalties depending on your age and the circumstances of the withdrawal. It's advisable to consult a financial advisor to understand the implications of such a move.

How much does a 2 bedroom apartment cost?

Anywhere from 900.00 to 2000.00 as you near the G.T.A. Moe from Peterborough