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Reply to "Financial advisors who specialize in FAFSA etc?"
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[quote=Anonymous][quote=Anonymous]OP, did you try just calling a financial advisor? I would think any could give you general advice, like keep a 529 in the parent’s name, not the child’s name. If you have catch up retirement savings to do, do even you can to do it prior to the reporting year, not while your DC is in college when it counts as earnings. These are things everyone should check in on and they aren’t cheats. The point of the FAFSA is while you have a child in school, your resources go towards that in a way that’s identical to other families that file. What everyone does when their kid is not in college can and should be different.[/quote] How is a 529 held in trust counted? 5 percent like a regular 529 or 25 like an utma?[/quote]
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