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2. The ‘grandparent loophole’ is putting much-needed money back ...

   www.aol.com/finance/grandparent-loophole-putting...

   Previously, distributions from a grandparent-owned 529 plan had to be reported as untaxed student income, which could reduce financial aid eligibility by as much as 50% of the withdrawal amount.

3. New bill allows unused 529 college funds to become a ...

   www.aol.com/finance/bill-allows-unused-529...

   Parent-owned 529 plans count for up to 5.64% of the parent contribution considered by the Free Application for Federal Student Aid (FAFSA), while grandparent-owned 529 plans don’t negatively ...

4. What to Know About the 529 Grandparent Loophole

   www.aol.com/finance/know-529-grandparent...

   A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax benefits. ... Continue reading → The post How the 529 Grandparent Loophole Works appeared first on ...

5. 529 plan - Wikipedia

   en.wikipedia.org/wiki/529_plan

   529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...

6. Ascensus - Wikipedia

   en.wikipedia.org/wiki/Ascensus

   Ascensus, LLC. is an American financial services company that provides financial recordkeeping, tax-advantaged savings and retirement plan services. As of 2024, the company reports that it manages more than 14 million accounts and oversees more than $808 billion in assets under administration.

7. Why Unused 529 Plan Funds Might No Longer Be a Concern With ...

   www.aol.com/why-unused-529-plan-funds-070000800.html

   For example, if the Roth IRA annual contribution limit is $7,000 and the beneficiary puts $2,000 directly into their own Roth IRA throughout the year, that individual would only be able to ...

8. List of Illinois state agencies - Wikipedia

   en.wikipedia.org/wiki/List_of_Illinois_state...

   The Illinois state government has numerous departments, but the so-called code departments provide most of the state's services. [1] [2] ... By using this site, ...

9. 529-To-Roth IRA Rollovers: What You Need To Know

   www.aol.com/529-funds-now-rolled-roth-123846033.html

   The funds must be rolled over to a Roth IRA owned by the 529 account beneficiary. ... IRA contribution limit of $7,000, it means that it will take at least five years (5 x $7,000) to rollover the ...