Wednesday, January 28, 2015

529 Plan Change

The new change is welcome.   I feel sorry for the legions of parents who have been hoodwinked into putting their hard earned assets into 529 plans and not having the ability to change their investment posture as they see fit.  Generally it is THEIR money for the benefit of THEIR children.  The cradle-to-college mentality of the government is rather shallow.    The laugh is on the taxpaying parents who are now saddled with paying for FREE community college education for so many losers who belong to the Free Shit Army brigade so prevalent in America today.

As of January 1, 2015, a 529 plan account owner may make Investment Option changes TWICE per calendar year or upon the change of a beneficiary.

Prior to January 1, 2015, an account owner was only permitted to make an Investment Option change ONCE per calendar year or upon a change of beneficiary.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173