How will the new tax changes impact college planning? Let’s get right to the point, the changes will help many families. The tax reform changes now allow 529 plan distributions to be used tax-free (federally) for private elementary and secondary school expenses...
Should we gift appreciated assets to our children to help pay for college? As is normally the case with planning, it depends. You first need to determine if you will qualify for any need-based financial aid. The formula for determining need-based aid is Cost of...
Welcome back to “College Corner”. Our goal here is to help you develop your best college planning strategy by addressing the topics of tax planning, financial aid optimization, college selection and personal finances. If you have a question please send it our way....
We get asked this question a lot and for good reason. The cost of an education in increasing at a tremendous pace and families are trying to determine how they can qualify for more financial aid. The short answer is that life insurance cash values are not counted...
Despite the pressure that may be coming from articles or colleges' Admission Office, families should remain calm about filing their FAFSA. It isn't vital to file on October 1st. What is Changing For the 2017-2018 academic year, the Department of Education has changed...
This week’s “College Corner” tackles the topic of asset ownership and how it impacts your eligibility for financial aid. Most parents are advised to never save in a child’s name for fear of losing financial aid. Child savings vehicles usually include UTMA accounts...
Welcome back to “College Corner”. Our goal here is to help you develop your best college planning strategy by addressing the topics of tax planning, financial aid optimization, college selection and personal finances. If you have a question please send it our way. ...
This is the third installment of “College Corner”. We’re always receiving questions on college planning so we thought it would be a good idea to field some of those questions in a blog format. As usual if you ever have a question just send it our way. This week’s...