by Springwater Wealth | Sep 25, 2018 | Newsletter
Could it be that applying for financial aid for college will finally get a bit easier? The federal Education Department recently announced that the notoriously complicated federal financial aid form known as FAFSA will shortly be available in a user-friendly mobile...
by Springwater Wealth | Sep 11, 2018 | Newsletter
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...
by Springwater Wealth | Mar 13, 2018 | Newsletter
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...
by Springwater Wealth | Feb 27, 2018 | Newsletter
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...
by Springwater Wealth | Jan 23, 2018 | Newsletter
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...