- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 529 Plans - Are they worth the investment for Children?
Posted on 4/23/19 at 7:57 pm to GAFF
Posted on 4/23/19 at 7:57 pm to GAFF
The 529 counts toward a parental asset at around 5% rate compared to if you held it in a personal brokerage account under the parent name they would attribute the value of 20% rate. I did a lot of this research when I opened a few accounts. Technically the 529 account is held in the parent name. So either way the feds will screw you just not as hard with the 529 when applying for federal aid.
This post was edited on 4/23/19 at 8:00 pm
1
Posted on 8/3/20 at 9:09 pm to tigersfan1989
So for financial aid, the 529 assets count as parental assets, or is it the owner of the account? I am trying to figure if this would be reason enough for a grandparent maintaining their own account for a grandchild. Am I overlooking something?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News