Grandparent or Parent Owned 529 College Savings Plan? скачать в хорошем качестве

Grandparent or Parent Owned 529 College Savings Plan?

Alex Wolfe, a Certified Financial Planner and Head of Financial Planning at Base Wealth Management, explains the benefits of having a 529 account in a grandparent's name instead of a parent's. He discusses how this arrangement can impact financial aid calculations under FAFSA, provide more control to grandparents, offer tax and gift planning advantages, and preserve parents' financial resources. He also outlines strategic distribution timings and new regulations that make grandparent-owned 529 plans more attractive. Visit basewealthmanagement.com for more insights. 00:00 Introduction to 529 Plans and Financial Aid 00:25 Impact on Financial Aid 01:26 Control and Flexibility for Grandparents 01:46 Financial Planning Benefits 02:27 Tax Advantages of 529 Plans 02:45 Less Impact on Parents' Finances 03:32 Conclusion and Summary #money #personalfinance #collegefunding Base Wealth Management (“the Firm”) is an SEC registered investment adviser located in Lakewood Ranch, Florida. Registration does not imply any specific level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or any state securities authority. BWM may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. Investing involves risk, including the possible loss of principal. Past performance does not guarantee future results, and no strategy can ensure success or protect against loss in declining markets. For additional information, please review the Firm’s Form ADV, available at www.adviserinfo.sec.gov. SCHEDULE A CALL: https://basewealthmanagement.com/who-...