In an article published on June 6, 2016, Tax Partner Jamie Canup provides guidance to individuals planning a college-savings strategy. The article details the difference in risk between prepaid tuition plans and tax-free 529 savings plans. Canup distinguishes the benefits and risks associated with each plan, and emphasizes the best strategy for personal situations. “The owner of a prepaid tuition plan contract is shifting the burden to the prepaid plan to pay for the number of college credits covered in the contract for that beneficiary,” Canup explains. For the full article, you may click here.
Stephanie A. Hood