Furthermore, the FAFSA formula protects a portion of parents’ non retirement assets, so these may have even less of an impact. This also depends on the type of asset. For example, real estate investments, UGMA/UTMA accounts, mutual fund assets, and 529 plans can reduce the amount of ...
1. Custodial Accounts (UGMA/UTMA) Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA) accounts allow parents or guardians to save for their children's future educational needs. Unlike 529 plans, these accounts offer broader investment options, though they lack the sa...
If an individual who is not an eligible family member above becomes the 529 plan beneficiary, the IRS will consider this as a distribution of the 529 plan assets. The account owner would generally owe both ordinary income tax on earnings and a 10% penalty on the entire balance. The ...
Tree biomass errors are expressed, and normally distributed about the prediction, while on a log-scale; however, they can be approximately converted to an arithmetic scale [56] (Equation (9)). There are then two options for summing the resulting tree errors: a simple sum and a sum in ...