529 College Savings Plan : The Smart Way to Fund Highter Education

by Feigenbaum, Richard A.; Morton, David J.

• ISBN13: 9781572483613
• ISBN10: 157248361X
• Edition: 2nd
• Format: Paperback
• Copyright: 2003-12-01
• Publisher: Sourcebooks Inc

Summary

Whether you want to save for your children, grandchildren, spouse, friend or yourself, The 529 College Savings Plan is the way to go. This book guides you through the savings process, cuts through the legal and financial language and gets you focused on college savings. Learn how the 529 Plan differs from other savings programs and how it will work for you. Book jacket.

Table of Contents

Introduction	p. xiii
Frequently Asked Questions	p. xv
The Basics of 529 Plans	p. 1
Internal Revenue Code Section 529
What the College Savings Account Really Is
Establishing a College Savings Account
Rules, Rules, Rules
Future Changes in the Law
Chapter 1--At a Glance
Helping to Save for College	p. 15
Taxes and Tax Deferred Savings
College Savings Accounts Versus other Methods of Saving for College
College Savings Plan/Section 529 Advantage
Coordination of Hope Scholarship Credit with Section 529 College Savings Plans
Chapter 2--At a Glance
Taxation of College Savings Plans	p. 35
Basic Tax Rules
Qualified Higher Education Expenses
Eligible Institution
Taxes on Distributions
Deductions for Contributions--Federal
Deductions for Contributions--State
State Taxation on Withdrawals from a College Savings Plan
Chapter 3--At a Glance
Beneficiary Planning	p. 49
The Basics
Changing the Beneficiary
Making Changes to an Existing College Savings Plan
Chapter 4--At a Glance
Ownership and Maintenance	p. 59
Lifetime Issues
Transfer at Death
Trusts as Owners
Investment Options
Fees and Expenses
Chapter 5--At a Glance
The Role of the Advisor	p. 65
Issues for the Advisor
Role of the Advisor in Corporate-Sponsored Plans
Chapter 6--At a Glance
Estate Planning and the College Savings Plan	p. 71
Federal Estate Planning Basics
College Savings Plans--Estate Planning Rules
Creative Estate Planning
The Double Dip Opportunity
The Unintended Gift Tax Consequence
Ownership Issues and Estate Planning
Post Death Trust Issues
Death of a College Savings Plan Beneficiary
Strange Possibilities
Chapter 7--At a Glance
The New Employee Benefit	p. 83
Understanding Employee Benefit Plans
Expanding Benefit Plans
Adding 529 Plans to the Package
Determining if Your Employer Offers a 529 Plan
A Word of Caution
Chapter 8--At a Glance
Scholarship Programs and the 529 Plan	p. 91
Traditional Charities and College Savings Plans
Establishing the Scholarship Program
Universities and Colleges--Compensation Planning
Corporate-Sponsored College Savings Accounts--Compensation Planning
Chapter 9--At a Glance
The Future of 529 Plans	p. 99
Rebate Programs
Affinity Programs
Chapter 10--At a Glance
Glossary	p. 103
Internal Revenue Code Section 529	p. 111
State by State Summary of Plans and Plan Managers	p. 119
State Program Internet Links	p. 215
Index	p. 225
About the Authors	p. 231
Table of Contents provided by Ingram. All Rights Reserved.