Kristen’s article about 529 Plans is featured in Georgia’s Southeast Asian publication, NRI Pulse. Her article explains the how and why of the little-known, but tax-advantageous, 529 College Savings Plans.
Similar to a 401K or a Roth IRA, a 529 is tax-free on savings and investments; however, unlike these others, there’s no limit on contributors’ income. Another relatively unknown factor to consider when calculating college costs is the EFC (Expected Family Contribution); parents’ assets are counted at 5%, while asset in the student’s name are counted at 20%. Kristen further explains these and a few other perks and benefits in this informative article.
Read the May 2017 issue of NRI Pulse: Kristen Moon’s featured story on 529 Plans can be found on page 10. Click here.