529 Plans – Want To Know How The Obamas Are Saving For College For The Kids?
With the cost of 4 year college educations continuing to soar
David M. Frees III Esquire on 529's and How The President Save For College
But, if you want to know how the President of the United States of America is saving for his daughters, then the public disclosure of his gift tax returns and the Wall Street Journal have the answer. This is a great article on the advantages of front loading a 529 plan which can be done by parents and/or grandparents or other relatives without filing a gift tax return. And, now is a good time to consider such gifts as the market is so low that the gift might be able to grow substantially before it is needed.
Now how to get the money to put into the plan? That is another question.
Enjoy. Leave a question or comment below.
David M. Frees III, Esquire
David Frees’ AVVO Rating is a Superb 9.5
Unruh, Turner, Burke and Frees
610-933-8069
dfrees@utbf.com
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Written by: David M. Frees III
Chairman: Trust, Estates, and Wealth Preservation
E-mail: dfrees@utbf.com
Phone: 610-933-8069
AVVO Rating: 10.0
Tags: 529 plans, five year gifting rule, Gifting, President Obama and gifting, WSJ and gifting
August 15th, 2010 at 11:50 pm
Hi there fellow blogger! I’m a newbie to the blogosphere but I just wanted to say how much I enjoyed your blog here about 529 plans by state, it kept me reading all the way to the end… And then I went and searched for some more posts after that.
Keep up the good work, I’m always looking to learn more about 529 Plans, especially.