529 College Savings Plan Consultant
Vince Sullivan functions as principal consultant, lead presenter, and subject matter expert on 529 plans for 529NOW, LLC. Prior to founding 529 NOW in 2016 to promote the 529 story and industry, he worked at CollegeInvest, the State Plan Administrator for Colorado. While at CollegeInvest, he managed the Continuing Education program, personally presenting more than 3000 people-hours of continuing education. He has also written a 4-hr CPE course for Surgent-McCoy currently being offered throughout the country.
Vince earned both Bachelor's and Master's degrees in Business/Finance from LeMoyne College and Boston College, respectively. He previously has held FINRA/NASD Series 6, 7 and 65 licenses and has been in the financial services industry for over twenty years, bringing a wealth of experience to the 529 conversation. Outside of work, Vince is an avid outdoorsman, participating in tennis and hockey leagues, skiing, mountain biking, and scuba diving.
When your client wants an age-based 529 plan with more equity exposure
With an age-based 529 plan, risk is automatically reduced at specific age or years-until-enrollment intervals, from equities to fixed income securities to money market type portfolios. But some clients aren't satisfied with the amount of equity exposure in age-based portfolios. Here's what you can recommend.
Should your clients use their home state's 529 plan?
Is your client's home state's 529 plan always the best option? It depends, since each state has different 529 program parameters relative to potential state tax deductions or credits offered, if one is offered at all. Learn how to evaluate the options to find the best 529 for your clients.
Top 10 reasons clients aren't saving for college - and how to respond
When asked why they aren't saving more for college in a 529 plan, clients will typically give one of these 10 excuses. Here are some ways financial advisors can address their concerns and stress the importance of planning for future education costs.
Case study: Could a 529 state tax deduction offset the costs of a non-qualified withdrawal?
529 plan expert Vince Sullivan explains how a 529 plan can present a tax-deferred opportunity for clients, even if they aren't planning on using it for qualified education expenses. Find out if a state tax deduction could offset the costs of taxes and penalties owed after a non-qualified withdrawal.