Congratulations on taking the first step in having more diligent client conversations. We recommend that you complete this onboarding tutorial before you jump into the Member Section.
If you have any questions, please feel free to email us at firstname.lastname@example.org.
Investing in a 529 plan can be an effective strategy to save for college. There are, however, some overlooked nuances related to 529 account distributions. And oftentimes, those nuances are not addressed (or even discovered) until after the distribution has occurred and the client is left with an unexpected tax liability.
To make the discussion with clients easier, we have created the “Is The Distribution From My 529 Subject To Federal Income Tax?” flowchart. It covers some of the most common issues for clients who are planning to take a distribution from a 529 account and considers: