What is a Section 529 Plan? How can it be used for tax planning purposes? Provide a comprehensive analysis?
Full question
What is meant by a “Section 529 Plan?” How can this Section be used for tax planning purposes? Be sure to provide a comprehensive analysis of this section along with examples/illustrations supporting your response. Additionally, in your opinion, would you recommend a Section 529 plan over “educational savings bonds?”
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June 19th, 2010 at 4:43 am
For answers to your homework use wikipedia.com
Do not copy the answers – teachers are well aware that many students just copy answers from there.
She will notice your answer similar to many others.
Understand it and put it in your own words.
If you have further questions – you can ask here – but you need to do the initial reasearch yourself.
And yes, I would recommend 529′s instead of EE savings bonds.
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June 19th, 2010 at 5:09 am
this is a just what it says, an educational savings plan
the parents or g’ parents who start one have no tax advantage but it does benefit when the child eventually goes to college
I decided against opening for my great g’daughters, since the money can ONLY be used by the child is was established for and ONLY for education
if they didn’t want to go to college they cannot use the money for anything they would rather use it for