"A $50,000 gift, for example, would reduce aid eligibility by over $20,000." Grandparents hoping to chip in for a grandchild's college education can open a 529 plan themselves or contribute to a ...

especially if that gift is given early in the child ... The Bottom line Ultimately, by knowing the 529 plan rules, parents and grandparents can weigh the pros and cons. These plans can be ...

With a 529 you can gift $80,000 in one year (or $160,000 ... With the new FAFSA changes, it’s a great opportunity for grandparents to revisit their savings plan. Halbert Hargrove Global Advisors ...

Most states require you to contribute to your home-state’s 529 plan in order ... parents and grandparents can take advantage of tax-efficient 529 plans and higher limits on gift and estate ...

As an alternative, grandparents can gift money to the student's parent who can then set up a 529 plan. For tax purposes, ...

While the federal government places no caps on contributions to a 529 plan, it can deter contributions by imposing taxes and a penalty. In 2024, if your contribution as an individual exceeds $18,000 ...

As the holiday season approaches, we, as parents, are asked by grandparents, family friends ... presents we can give this year isn’t found on Amazon or in toy stores – it’s an Edvest 529 College ...

It’s always a good idea to save up for paying for postsecondary education costs, rather than have to pay for them at the time ...

It is a common sentiment often exclaimed in exasperation, by parents and grandparents ... gift you can ask for that could be very valuable in the future, and that is a contribution to a 529 ...