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Golden Gate Advisors, Inc.™ advises parents and grandparents on preparing for a child's college education thorough the use of a low fee advised savings plan commonly referred to as 529 Plans. The best feature is that the funds leave the estate of the donor but can be brought back if the donors intentions change. For example, if the grand child decides not to attend college, the grandparents can take the money back. This makes the 529 plans not only the best educational funding vehicle available but a great estate planning and creditor protection vehicle too. We provide fee-only investment advice throughout the life of the your 529 Plan Our Advised Prepaid Tuition Plan (Section 529) Earnings accumulate free from income tax. At distribution, such earnings are included in income, but may be offset to the extent used to pay qualified tuition and fees. Qualified is defined as including tuition, fees, and room and board. Couples can make annual payments up to $130,000 (per beneficiary) in a single year *. Some plans allow up to $300,000 total contribution**. The funds can be used for private intermediary school too. It is not just limited to college level education. *All contributions in excess of $13,000 per flier per year are pro-rated for a 5-year period for the propose of accelerated giving. Donor must live into each calendar year of the borrowed exclusion otherwise the incremental amount returns to the donor's estate for estate tax purposes. **Using a portion of the flier's Lifetime Gift Tax Exclusion.
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