Posts Tagged ‘529 Plan’
By Edelstein on August 23, 2023
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which they’re entitled. It can be
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Posted In: Alerts & Advisories
By Edelstein on January 18, 2023
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also
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Posted In: Alerts & Advisories
By Edelstein on January 4, 2023
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0
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Posted In: Alerts & Advisories
By Edelstein on October 6, 2022
If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans, named for the Internal Revenue Code
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Posted In: Alerts & Advisories
By Edelstein on July 20, 2022
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place
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Posted In: Alerts & Advisories
By Edelstein on February 23, 2022
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s
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Posted In: Alerts & Advisories
By Edelstein on June 17, 2021
If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize
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Posted In: Alerts & Advisories
By Edelstein on August 14, 2020
Last week, Tax Partner, Kate Rooney, shared an example of a taxable 529 Plan distribution. Now that we have answered some FAQs and provided an example, let’s see what a 529 Plan looks like in
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Posted In: Resources
By Edelstein on August 6, 2020
Last week, Tax Partner, Kate Rooney, answered “What are some cautionary flags to be aware of with 529 Plans?”. Today she’ll share an example of a taxable 529 Plan distribution. With today’s circumstances, you may
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Posted In: Resources
By Edelstein on July 31, 2020
In February, Tax Partner, Kate Rooney started sharing insights from one of her presentations on 529 Plans. Previously, Kate had answered, “Should high net-worth individuals consider 529 Plans even if they can afford to cash
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Posted In: Resources