Edmit logo

Alexandria Williams

Featured Stories

Filter By Categories

Posts by Alexandria Williams

Comparing 529 College Savings Plans and Coverdell Education Savings Accounts

Both the 529 College Savings Plan and Coverdell Education Savings Account are tax-advantaged investment accounts that he...

Comparing a 529 Plan and a UGMA/UTMA Account?

Many parents set aside money for their child’s future, whether it’s for education or personal expenses. If you’re saving...

Comparing a 529 Prepaid Tuition Plan and a 529 College Savings Plan?

529 plans, collectively referred to by the IRS as Qualified Tuition Programs (QTPs), allow families to set aside money t...

Can a 529 have multiple beneficiaries?

If you have more than one child, you may be wondering if you can set up one 529 plan for all of your children to use. Th...

Can I reimburse myself from my 529 account?

529 plans can be used to pay a variety of expenses related to attending a college or university. Some expenses are strai...

Do 529 distributions count as income?

When you follow the rules and guidelines on how to use your 529 plan, money in the account does not count as income on y...

Is there an age limit for 529 plans?

As a general rule, there are no age limits for 529 plans. An adult of any age can start their own 529 plan, serving as b...

What are the differences between the FAFSA and the CSS Profile?

The Free Application for Federal Student Aid (FAFSA) and College Scholarship Service (CSS) Profile are two extensive que...

Can a 529 plan have joint owners?

Married individuals may open a joint 529 plan as part of the planning process for their child’s college education. Some ...

Do you get a tax deduction for contributing to a 529 plan?

One of the benefits of paying for college out-of-pocket is the tax deduction. With 529 College Savings Plans, you can sa...