1. Not Financial, Tax, or Legal Advice
The content on 529 Plan Tracker, including but not limited to text, graphics, calculators, and strategy guides, is for educational purposes only. It is not intended to be a substitute for professional financial, tax, or legal advice.
The strategies discussed, particularly those involving 529 plans, bank bonuses, and real estate, involve complex tax and legal considerations. Individual circumstances vary significantly, and what works for one person may not work for another.
You should consult with a qualified professional (CPA, tax attorney, or financial advisor) before making any financial decisions or implementing any strategies discussed on this site.
2. No Guarantees of Results
All calculations, projections, and estimates provided by our calculators and examples are hypothetical and for illustrative purposes only. They are based on assumptions that may not prove to be accurate over time.
- Investment Returns: Past performance is not indicative of future results. Investment markets are volatile and returns can fluctuate.
- Bank Bonuses: Bank offers change frequently. Availability, requirements, and bonus amounts are subject to change by the banks at any time without notice.
- Tax Laws: Tax laws and regulations (including those for 529 plans) are subject to change.
3. Tax Implications
Bank Bonuses: Bank account bonuses are generally considered taxable interest income or miscellaneous income. You will likely receive a Form 1099-INT or 1099-MISC. You are responsible for reporting this income and paying any applicable taxes.
Real Estate Strategy: The "Real Estate + 529" strategy discussed on this site has significant tax implications. Specifically, rental income paid to parents is generally taxable income for the parents, which may offset or negate the tax benefits of using 529 funds for housing. This strategy is complex and generally not recommended by financial advisors without careful planning and professional guidance.
4. Author Credentials
This website is a personal project and the result of independent research. The author is not a licensed financial advisor, certified public accountant (CPA), or attorney. The information presented represents the author's understanding and opinion and should be verified independently.
5. Limitation of Liability
By using this website, you agree that 529 Plan Tracker and its authors shall not be liable for any direct, indirect, incidental, consequential, or exemplary damages resulting from your use of the information or tools provided.