| Learning Library Quick Answers Investment Planning |
Scenario:When someone takes a MEC loan, earnings are taxed and penalized. Does this have to be treated on the aid forms as a retir....
Scenario: Are "Minors" Roth IRA (custodian is a parent) as well as aRoth IRA (held by a 18+ yr old student) assessed for FAFSA or ....
Answer: If the parent is the account owner, then yes, because the parent could change beneficiaries.....
Scenario: A client has a 529 plan and the childattends college in a foreign country. Are distributions for tuition and fees tax fr....
Answer: Annuities, life insurance, retirement plans, personal residence, family farm, and family-owned businesses are not assessed....