The 529 Play Book

College Savings

Since 1999, we have provided college savings advice and planning to literally thousands of investors and families. Our network of independent FEE-ONLY advisers can help you manage your 529 or other college saving investment plans, determine the best college savings investment selections within your 529 plan, assess your 529 investment performance, and much more.

Our FEE-ONLY network also provides complete financial planning services, portfolio management, tax and legal services.

Click here to ask a FREE question or visit 1800ADVISER.COM and select the FEE-ONLY adviser you would like to speak with. 

→ WHEN IS THE BEST TIME TO SET UP A 529 PLAN?

Although there is no one-size fits all answer, generally, the earlier you start saving for college, the more time you have to build up your savings.  

→ HOW MUCH SHOULD I CONTRIBUTE TO A 528 PLAN?

The amount you should contribute to a 529 plan will depend on your individual circumstance and goals. Some states have annual limits.  Under current law, the IRS allows up to $17,000 per beneficiary for 2023. You can also frontload five-years' worth of contributions. Gift tax limits are subject to change so you should consult with an adviser. 

→ WHAT HAPPENS TO 529 PLAN DURING A DIVORCE?

In most cases, a 529 plan is considered an asset of the account owner, and any funds in the account are subject to division. If the 529 plan is owned by 1 spouse but was intended for the benefit of a child from a prior relationship, the account may be treated as a non-marital asset. This will depend on the specific terms of the plan and state law. An experienced attorney can help you determine the exact answer. 

College Saving Advisers

If you want to be immediately connected to a FEE-ONLY adviser, you should visit 1800ADVISER.COM. The web site lists the biography and specialty of our network, and you can choose 1 or more members to speak with.  To find out more watch our video, ask TheAdviser.com or visit 1800ADVISER.COM.

Professional College Savings Advice Since 1999
The Independent Adviser Corporation was founded in 1999 and since then has provided college planning advice to literally thousands of investors. We've NEVER charged a commission nor will we. Our services are based on an agreed-upon fee with our clients so there is transparency and no strings attached.
Financial Aid Experts
Our team knows the ins and outs of financial aid forms and how best to structure your investments. There are many rules you must follow - but there are tricks of the trade.
Your Trusted Partner
Our team is knowledgeable, reliable, and has your best interests at heart. When it comes to saving for college, it is important to work with someone who can provide guidance and support to help you reach your goals. We will provide you with accurate and relevant information, offer sound advice and help you navigate the complexities of the college savings process.
Tax Solutions to Save Money for College
There are several tax benefits that may be available for college savings. Thise includes: 1) American Opportunity Tax Credit - worth up to $2,500 per year 2) Lifetime learning credit - worth up to $2,000 per year 3) Tuition and Fees deduction - up to $4,000 per year on your tax return 4) Student loan interest deduction 5) Savings bond interest exclusion. It is important that you review these tax benefits with a professional to maximize your benefits.

College Planning & Savings

Plan Selections

Although most individuals can benefit with plans sponsored by the state they live in, we can review which plan provides the best options for your personal situation. 

Investment Selections

If you need help reviewing and selecting investments, we will review your 529 plan and help you. The right investment can make a huge difference.  

Determine Ownership

529 plans are usually best structured in the name of parents and grandparents. We will help you review the best structure to provide the most flexibility and tax savings.

Maximize Tax Benefits

Our network of CPAs can help you maximize tax benefits such as the American Opportunity Tax Credit and the Lifetime Learning Credit. It is best to plan several years in advance of when your child is going to college. 

Financial Aid Plans

We can help you understand the financial aid process and develop a strategy for maximizing your eligibility for grants, scholarships, and loans. There are pros and cons with each strategy. 

College Savings

There are several options for savings in college, including 529 plans, Coverdell Education Savings Accounts and UGMA/UTMA accounts. Our team of experts can help you choose the best for you.

Do You Want to Setup a 529 Plan or Have A Question About College Savings Plans?

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