Advanced Strategies and Applications for 529 College Saving Plans | Jeffrey Pritchard CFP, CAP

Session: 1:50 PM

Session Description

This session will explain advanced strategies in the use and optimization of 529 college savings plans for the benefit of clients and their extended families. Topics include contribution timing and strategies, specific tax issues in light of the Tax Cuts and Jobs Recovery Act of 2017, distribution tactics, acquiring real estate with qualified distributions, maintaining financial aid eligibility despite large 529 plan balances, estate planning applications, how to select a specific state plan, and how to use 529 plans in conjunction with trusts to create a permanent family education fund.

Learning Objectives

This session will explain advanced strategies in the use and optimization of 529 college savings plans for the benefit of clients and their extended families.

Topics include:

  • Contribution timing & strategies
  • Specific tax issues in light of the Tax Cuts and Jobs Recovery Act of 2017
  • Consideration of K-12 private school payments
  • Distribution tactics
  • Reporting and recordkeeping requirement
  • Acquiring real estate with qualified distributions
  • Maintaining financial aid eligibility
  • Estate planning applications
  • How to use 529 plans in conjunction with trusts to create a permanent family education fund

Speaker Bio

Jeffrey Pritchard, CFP®, CAP

Jeff Pritchard spent more than 25 years in the trust and investment management field working with affluent families and individuals, helping them achieve their multigenerational goals, culminating as a senior vice president with US Bank. In 2007 Jeff transitioned to the philanthropy field as the national key account manager for Schwab Charitable’s $10 billion donor-advised fund and thereafter served as director of philanthropic services at The Greater Tacoma Community Foundation where he oversaw development, donor stewardship and strategic projects. Jeff is the author of numerous investment books including his recently published 529 College Savings Plans for Grandparents, and has been quoted in publications such as US News & World Report, Trusts & Estates, Money, and USA Today.