CheersSRX’s Activity

Thu Jun 11

NL

Boards Post

CheersSRX replied to the Retirement Investing board. 6:58 AM

Re: Poll: Lump Sum or Annuity

I recently read a thread similar to this one on another message board. Mostly the discussion was about calculating the value, over time, of each alternative. But then the discussion veered off in what I thought was a fantastic way.

Stop [more]

Sun Jun 7

NL

Boards Post

CheersSRX replied to the Tax Strategies board. 5:14 PM

Re: Using 529 Funds

I posted: "You do actually have to spend that much in order to get the COA amount." To which spinning asks: "Do you have a reference for this? I looked a bit and haven't found any clear statement one way or another."

I [more]

NL

Boards Post

CheersSRX replied to the Tax Strategies board. 7:43 AM

Re: Using 529 Funds

My point about "proving" your expenses is that one is not just entitled to the full COA amount. You do actually have to spend that much in order to get the COA amount.

Now as far as "proving", I assume that one is always [more]

Sat Jun 6

NL

Boards Post

CheersSRX replied to the Tax Strategies board. 4:29 PM

Re: Using 529 Funds

I'm not an expert, but I believe there is some wrong information here.

Just because the school posts the Cost of Attendance (COA) for room/rent, I do not believe you can reimburse to that amount. If the COA for room is $4,000 but your child [more]

Fri Jun 5

NL

Boards Post

CheersSRX replied to the Tax Strategies board. 6:05 PM

Re: Using 529 Funds

Okay, time for a bit more detail.

For tuition and fees, those amounts are obvious from the invoice. Pay the school, reduce by fees not required (I've never actually done that; if the school made me pay it, I considered it required), and [more]

NL

Boards Post

CheersSRX replied to the Tax Strategies board. 12:59 PM

Re: Using 529 Funds

By all means DO NOT rely on the school to tell you what qualified. They will not. And what they DO tell you will be wrong. Between my two daughters I now have six years of college 529 experience. Do not rely on the school for anything.

I [more]

Fri May 22

NL

Boards Post

CheersSRX replied to the Tax Strategies board. 1:56 PM

Re: Lots of ST gains. what to do to avoid taxes?

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One star, 50 posts Old School Fool
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