Education goals : constructing a plan -- The benefits and costs of a good education -- It is never too late to save -- The best ways to save -- When savings are not enough -- History of section 529 savings plans -- Federal rules and regulations for section 529 savings plans -- Federal income tax planning with section 529 savings plans -- Estate planning with section 529 savings plans -- State tax planning with section 529 savings plans -- Disability planning with section 529 savings plans -- Nontax aspects of section 529 savings plans -- Investment planning with section 529 savings plans -- Choosing the right section 529 savings plan -- The state prepaid plan -- The prepaid institutional plan -- Coordinating section 529 plans with other savings techniques -- Coordinating section 529 plans with tax benefits -- Coordinating section 529 plans with financial aid.
Summary:
"While much of the transfer of wealth comes in the form of inheritance, today inter vivos expenditures for a good education may be even more important than intergenerational transfers at death. This accessible resource focuses on Section 529 plans, comparing and contrasting them with other education planning techniques. The authors identify the need to develop strategies for financing K-12, college, graduate, or professional education, detail the rules by which these goals may be accomplished, and explain how to integrate education planning into an individual's comprehensive paradigm for financial, tax, retirement, and estate planning. Although the book's primary focus is on 529 plans, this accessible resource also provides a thorough introduction to the other education savings vehicles that are available. In addition, the book addresses strategies for financing education when savings prove inadequate, including guidance on financial aid planning"--Publisher's website.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.