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Divorce, Kids and College

Posted on January 17, 2019

Over the past twenty years, our team of advisors has built literally hundreds of financial plans for our clients. At any given time, we’re in the process of crafting a dozen or more new ones. Many of these plans are for married couples, but a significant number are for single parents, who have either never […]

Filed Under: Newsletter // Tagged: 529 plans, college, divorce, financial planning, personal finances, student loans

Big Changes to Oregon’s 529 College Savings Plan

Posted on September 11, 2018

With school back in session for Oregon’s students, it’s time for parents to respond to recent changes made to Oregon’s 529 education savings plan. TIAA CREF has been replaced as the Plan Administrator by Sumday Administration, LLC, a subsidiary of BNY Mellon. As a result, current Oregon 529 plan account owners are temporarily unable to […]

Filed Under: Newsletter // Tagged: 529 plans, college, financial planning, investing, personal finances

Oregon says “no” to 529 plan use for private schools

Posted on March 13, 2018

A few weeks ago we noted that Congress, though the 2017 Tax Cuts and Jobs Act, allowed owners of 529 education plan accounts to pay for private school tuition for kindergarten through 12th grade. Funds taken from a 529 plan to pay for private school will not be subject to federal income taxes. However, we […]

Filed Under: Newsletter // Tagged: 529 plans, college, personal finances, taxes, U.S.

The Oregon College Savings Plan and Tax Reform

Posted on February 27, 2018

As we mentioned in an earlier post, Congress made changes to 529 education plans when it passed The Tax Cuts and Jobs Act in December 2017. It is now possible to use a 529 plan to pay up to $10,000 per year, per student for private school tuition for kindergarten through 12th grade. This is […]

Filed Under: Newsletter // Tagged: 529 plans, college, personal finances, taxes, U.S.

You can now use a 529 Plan to pay for private school

Posted on January 23, 2018

The tax reform legislation signed into law on December 22, 2017, brings several important enhancements to 529 college savings plans. Beginning on January 1, 2018, account owners may take tax-free withdrawals up to $10,000 annually from their accounts for tuition expenses at public, private, or religious schools. This provision applies to elementary, middle, and high […]

Filed Under: Newsletter // Tagged: 529 plans, college, financial planning, personal finances, private school, U.S.

The Tax Cuts and Jobs Act of 2017 – A Brief Review

Posted on December 26, 2017

Congress passed the “Tax Cuts and Jobs Act” last week. The President signed the legislation on Friday, December 22, 2017. The legislation can be found on the House Ways and Means website. Here is a brief review of the changes that will affect individual taxpayers: Income Tax Rates There will be seven income tax brackets: […]

Filed Under: Newsletter // Tagged: 529 plans, charitable giving, financial planning, health care, personal finances, taxes, U.S.

How can I save for my children’s college education?

Posted on October 17, 2017

College. It is one of the biggest expenses that those who have children will face during their lives. Only home ownership and retirement present larger financial commitments for most Americans. The median price of a new home in the US was $300,200 in August of this year (US Census Bureau). Retired households spend an average […]

Filed Under: Financial Planning // Tagged: 529 plans, college, financial planning, personal finances, taxes, wealth management

Do my retirement accounts count when applying for college financial aid?

Posted on October 10, 2017

Many parents may not be familiar with the process for applying for, and qualifying for, financial aid for college. They may also not know which assets hurt their chances for receiving financial aid, and which do not. Understanding the process is especially relevant, because parents are now able to begin filing for financial aid for […]

Filed Under: Financial Planning // Tagged: 529 plans, college, education planning, financial planning, personal finances, retirement, retirement plans

What you should know about financial aid for college

Posted on August 29, 2014

Consumers today have more tools that ever to help decipher college prices, and the financial aid packages that may be offered by those schools. College websites are required by law to have net-price calculators, to help applicants estimate what they will really be required to pay, rather than relying on inflated “sticker prices”. And the […]

Filed Under: Financial Planning, Services // Tagged: 529 plans, college, financial aid, financial planning, personal finances

Four more things to know about 529 college savings plans

Posted on September 11, 2013

Four important but often unknown aspects of 529 college savings plans were highlighted in a recent MarketWatch article. First, you have payment options when taking account distributions. Second, the IRS will be made aware of your withdrawals by the plan administrator. Third, your withdrawal may not be tax-free even in a year with significant college […]

Filed Under: Financial Planning, Services // Tagged: 529 plans, college, personal finances

OUR LOCATIONS

Our Portland office is conveniently located off the SW Denney Road exit from Highway 217.

6600 SW 105th Avenue, Suite 155
Beaverton, OR 97008

Our Bay Area office is located in downtown Santa Cruz.

615 Water Street
Santa Cruz, CA 95060

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