Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans For Grandparent Wealth Transfer
Grandparents often want to help with college but fear draining their own retirement or triggering financial aid penalties. This episode explores the 'grandparent-owned' 529 plan structure introduced by the SECURE 2.0 Act. We break down how this specific ownership model protects asset-based aid calculations for two years while allowing tax-free growth for education expenses. Lucas and Luna examine the trade-offs between control, flexibility, and the potential impact on student loan eligibility, offering a concrete strategy for intergenerational wealth transfer that prioritizes both…
The skinny
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