A 529 plan is a popular way for a family to save for college, but some distributions could affect a student's financial aid package.
True or false?
Distributions from a 529 plan owned by a student's grandparents won't affect that student's financial aid package.
Gary Williams, CFP®, CRPC®, AIF® is the President & Founder and Nicholas Ibello, CFP® is a Wealth Manager & Associate Vice President of Williams Asset Management located at 8850 Columbia 100 Parkway, Suite 204, Columbia, MD 21045. They offer securities and advisory services as Investment Adviser Representatives of Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. They can be reached at (410) 740-0220 or at Gary@WilliamsAsset.com or Nick@WilliamsAsset.com.
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