Suna is currently a Financial Advisor at Merrill Lynch Wealth Management in San Francisco, and we are delighted to have this opportunity to serve our community with this great parent seminar on college savings. Suna's has 2 daughters attending the Berkeley Turkish School and she has been here with us from day one on this journey of starting our nonprofit school.
529 plans (also known as a "qualified tuition program") were created as a means of allowing taxpayers to save for higher education expenses for a designated beneficiary.
The 529 Plan is an excellent way to save for education expenses. Anyone can establish and contribute to a 529 plan on behalf of a designated beneficiary. This means that relatives, family, friends and even the designated beneficiary can establish the 529 plan for him- or herself. Earnings accumulate on a tax-deferred basis and distributions that are used for qualified education expenses are tax and penalty-free. The 529 plan may be set up in a way that allows individuals to prepay a student's qualified higher-education expenses at an eligible educational institution.
Fee: We will take donations in a sliding scale which will go towards Berkeley Turkish School.