Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using a 529 Plan for Your Grandchild Without Losing Control
Episode 46 of The College Savings Podcast explores a powerful but often overlooked 529 strategy: grandparents opening and managing accounts for grandchildren. Hosts Lucas and Luna break down the financial aid implications, the new Secure Act 2.0 rules for treating grandparent-owned 529s as beneficiary income, and the control advantages for grandparents who want to maintain ownership. They walk through a concrete example of a $50,000 contribution by a grandmother in Florida, how it interacts with the gift tax annual exclusion, and the potential 5-year election. The episode also covers the risk…
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