Military Officer - September 2007 - (Page 17) College Savings Plans Compared Section 529 College Savings Plans Tax-sheltered investment growth Beneficiary flexibility Federal tax on qualified withdrawals Yes* Yes No* Pre-Paid College Tuition Plans Yes* Yes No* Coverdell ESAs Yes Yes No – if used for qualified expenses UGMA and UTMA Accounts No No Depends on child’s age U.S. Savings Bonds Yes Yes No – if used for qualified expenses or if income limitations are met at time of withdrawal No Owner Some state tax deductions Controlled by Varies by state Establisher of account Varies by state Establisher of account No Establisher of account No Custodian, until child is of age Asset of child Impact on financial aid Asset of parent or other account owner** Yes Yes Yes, in most cases Sometimes No Lifetime contributions limited to $200,000$300,000, depending on the plan Asset of parent or other account owner** Yes Yes Sometimes Asset of parent or other account owner** Yes Yes Yes Asset of owner, depending on tax bracket Yes Yes Yes Usable at any institution Can be used to cover cost of tuition Can be used to cover cost of room and board Yes Yes Yes Self-directed investments Eligibility for use limited by income Contribution limits Sometimes No Varies by state Yes Yes $2,000/year Yes No None No Yes $30,000 per bond type yearly for each individual, and $60,000 per bond type/year for married couples filing jointly * Earnings on nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements. ** Distributions for qualified educational expenses are not counted as parent or student income in the determination of federal financial aid eligibility. You should consult your financial advisor about the financial aid treatment of student-owned UGMA, UTMA, and 529 accounts. SPECIAL SUPPLEMENT TO MILITARY OFFICER
Table of Contents Feed for the Digital Edition of Military Officer - September 2007 Military Officer - September 2007 Contents From the Editor From the President Your Views MOAA Directory Rapid Fire Washington Scene Financial Forum Ask the Doctor Chapter Activities Plan for Your Future At Home in a High-Rise Lone Star Living Common Ground Insert: Community Source Cover Story: Waging War on Disease More Than Beaches MOAA Scholarship Donors Pages of History Faces of MOAA Information Exchange Advertising Index MOAA Calendar Sounding Taps MOAA Member Services Encore Military Officer - September 2007 Military Officer - September 2007 - Military Officer - September 2007 (Page Cover1) Military Officer - September 2007 - Military Officer - September 2007 (Page Cover2) Military Officer - September 2007 - Contents (Page 1) Military Officer - September 2007 - Contents (Page 2) Military Officer - September 2007 - Contents (Page 3) Military Officer - September 2007 - Contents (Page 4) Military Officer - September 2007 - Contents (Page 5) Military Officer - September 2007 - Contents (Page 6) Military Officer - September 2007 - Contents (Page 7) Military Officer - September 2007 - Contents (Page 8) Military Officer - September 2007 - Contents (Page 9) Military Officer - September 2007 - From the Editor (Page 10) Military Officer - September 2007 - From the Editor (Page 11) Military Officer - September 2007 - From the President (Page 12) Military Officer - September 2007 - From the President (Page 13) Military Officer - September 2007 - From the President (Page 14) Military Officer - September 2007 - From the President (Page 15) Military Officer - September 2007 - From the President (Page 16) Military Officer - September 2007 - From the President (Page 17) Military Officer - September 2007 - From the President (Page 18) Military Officer - September 2007 - From the President (Page 19) Military Officer - September 2007 - Your Views (Page 20) Military Officer - September 2007 - Your Views (Page 21) Military Officer - September 2007 - Your Views (Page 22) Military Officer - September 2007 - Your Views (Page 23) Military Officer - September 2007 - MOAA Directory (Page 24) Military Officer - September 2007 - MOAA Directory (Page 25) Military Officer - September 2007 - MOAA Directory (Page 26) Military Officer - September 2007 - Rapid Fire (Page 27) Military Officer - September 2007 - Rapid Fire (Page 28) Military Officer - September 2007 - Rapid Fire (Page 29) Military Officer - September 2007 - Rapid Fire (Page 30) Military Officer - September 2007 - Rapid Fire (Page 31) Military Officer - September 2007 - Rapid Fire (Page 32) Military Officer - September 2007 - Rapid Fire (Page 33) Military Officer - September 2007 - Rapid Fire (Page 34) Military Officer - September 2007 - Rapid Fire (Page 35) Military Officer - September 2007 - Rapid Fire (Page 36) Military Officer - September 2007 - Washington Scene (Page 37) Military Officer - September 2007 - Washington Scene (Page 38) Military Officer - September 2007 - Washington Scene (Page 39) Military Officer - September 2007 - Washington Scene (Page 40) Military Officer - September 2007 - Washington Scene (Page 41) Military Officer - September 2007 - Washington Scene (Page 42) Military Officer - September 2007 - Washington Scene (Page 43) Military Officer - September 2007 - Washington Scene (Page 44) Military Officer - September 2007 - Washington Scene (Page 45) Military Officer - September 2007 - Washington Scene (Page 46) Military Officer - September 2007 - Washington Scene (Page 47) Military Officer - September 2007 - Financial Forum (Page 48) Military Officer - September 2007 - Financial Forum (Page 49) Military Officer - September 2007 - Ask the Doctor (Page 50) Military Officer - September 2007 - Ask the Doctor (Page 51) Military Officer - September 2007 - Chapter Activities (Page 52) Military Officer - September 2007 - Chapter Activities (Page 53) Military Officer - September 2007 - Chapter Activities (Page 54) Military Officer - September 2007 - Chapter Activities (Page 55) Military Officer - September 2007 - Chapter Activities (Page 56) Military Officer - September 2007 - Plan for Your Future (Page 57) Military Officer - September 2007 - At Home in a High-Rise (Page 58) Military Officer - September 2007 - At Home in a High-Rise (Page 59) Military Officer - September 2007 - At Home in a High-Rise (Page 60) Military Officer - September 2007 - At Home in a High-Rise (Page 61) Military Officer - September 2007 - At Home in a High-Rise (Page 62) Military Officer - September 2007 - At Home in a High-Rise (Page 63) Military Officer - September 2007 - At Home in a High-Rise (Page 64) Military Officer - September 2007 - At Home in a High-Rise (Page 65) Military Officer - September 2007 - At Home in a High-Rise (Page 66) Military Officer - September 2007 - At Home in a High-Rise (Page 67) Military Officer - September 2007 - At Home in a High-Rise (Page 68) Military Officer - September 2007 - At Home in a High-Rise (Page 69) Military Officer - September 2007 - Lone Star Living (Page 70) Military Officer - September 2007 - Lone Star Living (Page 71) Military Officer - September 2007 - Lone Star Living (Page 72) Military Officer - September 2007 - Lone Star Living (Page 73) Military Officer - September 2007 - Lone Star Living (Page 74) Military Officer - September 2007 - Lone Star Living (Page 75) Military Officer - September 2007 - Lone Star Living (Page 76) Military Officer - September 2007 - Lone Star Living (Page 77) Military Officer - September 2007 - Lone Star Living (Page 78) Military Officer - September 2007 - Lone Star Living (Page 79) Military Officer - September 2007 - Lone Star Living (Page 80) Military Officer - September 2007 - Lone Star Living (Page 81) Military Officer - September 2007 - Lone Star Living (Page 82) Military Officer - September 2007 - Lone Star Living (Page 83) Military Officer - September 2007 - Insert: Community Source (Page 84) Military Officer - September 2007 - Insert: Community Source (Page 85) Military Officer - September 2007 - Insert: Community Source (Page 86) Military Officer - September 2007 - Insert: Community Source (Page 87) Military Officer - September 2007 - Insert: Community Source (Page 88) Military Officer - September 2007 - Insert: Community Source (Page 89) Military Officer - September 2007 - Insert: Community Source (Page 90) Military Officer - September 2007 - Insert: Community Source (Page 91) Military Officer - September 2007 - Insert: Community Source (Page 92) Military Officer - September 2007 - Insert: Community Source (Page 93) Military Officer - September 2007 - Insert: Community Source (Page 94) Military Officer - September 2007 - Insert: Community Source (Page 95) Military Officer - September 2007 - Cover Story: Waging War on Disease (Page 96) Military Officer - September 2007 - Cover Story: Waging War on Disease (Page 97) Military Officer - September 2007 - Cover Story: Waging War on Disease (Page 98) Military Officer - September 2007 - Cover Story: Waging War on Disease (Page 99) Military Officer - September 2007 - Cover Story: Waging War on Disease (Page 100) Military Officer - September 2007 - Cover Story: Waging War on Disease (Page 101) Military Officer - September 2007 - More Than Beaches (Page 102) Military Officer - September 2007 - More Than Beaches (Page 103) Military Officer - September 2007 - More Than Beaches (Page 104) Military Officer - September 2007 - More Than Beaches (Page 105) Military Officer - September 2007 - More Than Beaches (Page 106) Military Officer - September 2007 - More Than Beaches (Page 107) Military Officer - September 2007 - MOAA Scholarship Donors (Page 108) Military Officer - September 2007 - Pages of History (Page 109) Military Officer - September 2007 - Faces of MOAA (Page 110) Military Officer - September 2007 - Faces of MOAA (Page 111) Military Officer - September 2007 - Information Exchange (Page 112) Military Officer - September 2007 - Advertising Index (Page 113) Military Officer - September 2007 - Advertising Index (Page 114) Military Officer - September 2007 - Advertising Index (Page 115) Military Officer - September 2007 - MOAA Calendar (Page 116) Military Officer - September 2007 - MOAA Calendar (Page 117) Military Officer - September 2007 - Sounding Taps (Page 118) Military Officer - September 2007 - MOAA Member Services (Page 119) Military Officer - September 2007 - Encore (Page 120) Military Officer - September 2007 - Encore (Page Cover3) Military Officer - September 2007 - Encore (Page Cover4)
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