Learning Library Quick Answers Investment Planning

Will a change in beneficiary of a 529 account generate an income tax?


Answer: The relationship of the new beneficiary to the old beneficiary may determine whether there is an income tax, penalty tax, ....

Will changing the owner of a 529 plan from parent to grandparent help our financial aid?


Scenario: If a parent participant changed the participant of a 529 to the grandparent just beforethe FAFSA filing, would they need....

Will moving UTMA accounts to a 529 plan affect the FAFSA and financial aid?


Scenario:  A client's children have UTMA accounts with the father as the custodian.  The father wants to transfer the UTMA mon....