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529 plan lets you change a beneficiary.(The Providence Journal)
Q. If I'm 30 years old and say I want to get a master's (degree), can I take out a 529 plan in my name, have me as the beneficiary, and then, if I in fact do not pursue a master's degree, change ... the beneficiary to a child?
_D.S., Warwick, R.I.
A. Yes, said Joseph F. Hurley, an authority on Section 529 plans who runs a Web site on the subject: www.savingforcollege.com.
As you probably know, a Section 529 plan is generally a way to save for college expenses. These plans are sponsored by various states and offer tax benefits to encourage you to save (and help offset the cost of higher education).
For example, you don't get a federal income tax deduction for the money you contribute. However, your account can grow without being taxed ...
- KRT personal finance columnist has new book on IRAs.(The Providence Journal)
- Newspaper article from: Knight Ridder/Tribune News Service Downing, Neil September 16, 2002 700+ words
...the remaining beneficiaries) instead of...the deceased beneficiary). For example...and James as beneficiaries. Sandra doesn't update her beneficiary form. When...service of The Providence Journal at http...
- Providence Journal, R.I., MoneyLine Column.
- Newspaper article from: Knight Ridder/Tribune Business News February 24, 2002 700+ words
...By Neil Downing, Providence Journal, R.I. Knight...both are named as beneficiary. But I see that...named as primary beneficiaries, Rotenberg said...To see more of the Providence Journal, or to subscribe...com (c) 2002, Providence Journal, R.I. Distributed...
- The Providence Journal, R.I., MoneyLine column.
- Newspaper article from: Knight Ridder/Tribune Business News July 27, 2004 700+ words
...Neil Downing, The Providence Journal, R.I. Knight...named someone to be a beneficiary of your U.S. Savings...permission to change beneficiaries on a Series EE...see more of the The Providence Journal, or to subscribe...c) 2004, The Providence Journal, R.I. Distributed...
- Small Social Security benefits increase to begin.(The Providence Journal)
- Newspaper article from: Knight Ridder/Tribune News Service Downing, Neil August 2, 2001 700+ words
...time payment to most beneficiaries to make up for money...Friday, eligible beneficiaries will get the correct...For example, if a beneficiary normally receives...about 30 million beneficiaries nationwide will get...online service of The Providence Journal at http://www...
- Education IRAs reveals some major improvements.(The Providence Journal)
- Newspaper article from: Knight Ridder/Tribune News Service Downing, Neil September 16, 2002 700+ words
...staff writer for The Providence Journal, has written a new...or other minor as beneficiary. You don't get...re used for the beneficiary's education expenses...year for the same beneficiary to both an Education...online service of The Providence Journal at http://www...
- Baby boomers blind to doom they'll bring to Medicare, Social...
- Newspaper article from: Knight Ridder/Tribune News Service Harrop, Froma August 7, 1997 700+ words
...inconveniencing today's beneficiaries. One proposal, to raise...visits, would have given beneficiaries an incentive to control...the richest 8 percent of beneficiaries. No dice. Elected representatives...Whoopie. (Froma Harrop is a Providence Journal editorial writer and columnist...
- What to do if you inherit an IRA.(The Providence Journal)
- Newspaper article from: Knight Ridder/Tribune News Service Downing, Neil July 2, 2001 700+ words
...lecturing on IRA issues. Providence Journal writer Neil Downing interviewed...if you truly are the beneficiary. You've got to find the beneficiary form. And, contrary...estate was really the beneficiary, and that's probably...
- Prop up foundations of opportunity.(The Providence Journal)
- Newspaper article from: Knight Ridder/Tribune News Service Whitcomb, Robert April 1, 2002 700+ words
...the cheers of the beneficiaries. Of course, we...pages editor for the Providence Journal. Readers may write to him at the Providence Journal, 75 Fountain St...online service of The Providence Journal at http://www...
Source: HighBeam Research, 529 plan lets you change a beneficiary.(The Providence Journal)