Recent Articles by Lee McGowan
Can You Gain From a Loss in Your 529 Plan?
Friday Apr 10, 2009
The tax-free nature of the 529 plan has a wonderful ring to it until we have an “uncooperative” equity market. So, what should you do if your investments in the 529 plan take a spiraling nose dive? Can you take advantage of the loss for tax purposes?
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Lee McGowan, CFP®, has been on various sides of the investment world -- as an investor, a broker and a fee-only advisor -- for nearly 20 years.
He currently serves as a fee-only financial planner at a registered investment advisor in Boston and is a member of the investment committee and financial planning committee at the firm which manages over $500 million in assets for high net worth individuals.
Lee has written articles and provided commentary for numerous online publications including the Journal of Financial Planning, Wealth Management Exchange and Mystockoptions.com.
He is also the Guide to Mutual Funds at About.com (A New York Times Company) and an independent personal finance writer for Investopedia (a Forbes Digital Company).
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