College Costs: 529 Plans and How to Reduce the Cost of College

1 Credits: Taxes


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College Costs: 529 Plans and How to Reduce the Cost of College

Course Level
CPE Credits

1 Credits: Taxes

Course Description

Navigating the complexities of funding higher education can be daunting for many families and individuals. The rising costs of college education often pose a significant financial challenge. This course, led by Larry Pon, CPA/PFS, CFP, EA, USTCP, AEP, presents a comprehensive solution to this pressing issue. Attendees will gain expert insights into utilizing 529 plans effectively to reduce college expenses. This class covers critical topics such as front-loaded contributions, beneficiary changes, understanding Form 1099-Q, and selecting the right plan. Additionally, it explores alternative financing options like Roth IRAs, the nuances of super funding a 529 plan, and the implications of the gift tax return. By the end of this course, participants will be equipped with strategies to manage educational expenses efficiently, making higher education more accessible and financially manageable.

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Learning Objectives

Upon completing this course, participants will be able to:

  • Ways to pay for college
  • Section 529 plans
  • Choosing a plan
  • Roth IRAs as an alternative
  • Super funding a 529 plan and the gift tax return
  • Beneficiaries- eligible and changing beneficiaries
  • Qualified expenses
  • Coordination with other education benefits
  • Tax reporting: Form 1099-Q
  • State deductions
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Course Specifics

Course ID
Revision Date
July 11, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02042-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1778
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Larry Pon

Larry Pon is a Certified Public Accountant, Personal Financial Specialist, Certified Financial Planner, Enrolled Agent, United States Tax Court Practitioner, and Accredited Estate Planner in Redwood Shores, CA. Mr. Pon has been in practice since 1986 and enjoys helping his clients reach their financial goals. He frequently speaks on tax and financial planning topics to tax professionals, financial advisors, and the general public nationally. Mr. Pon received his BS in Business Administration with emphases in Accounting and Finance from the University of California, Berkeley and MS in Taxation from Golden Gate University in San Francisco.