The Hastings Banner — Thursday, May 27, 2021 — Page 9
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529 plans: More versatile than
ever
If you have children or
grandchildren, you may
already be somewhat familiar
with the 529 plan, a popular
education savings vehicle. But
you may not have kept up with
some recent changes in the
plan’s capabilities and in the
educational environment in
which the plan might be used.
Let’s start with the learning
environment. During the
COVID-19 pandemic, colleges
and universities switched to
online classes, or at least to a
hybrid of in-person and online.
And even before the pandemic,
many schools offered remote
classes, though obviously not
to the same extent. But after
COVID-19 subsides, it’s likely
that the online component will
remain an important part of
higher education. What does
this “new world” mean for
you, when you’re saving for
college? Will a 529 plan still be
relevant?
In a word, yes. First of
all, a 529 plan can offer tax
advantages. Earnings in a
529 plan are federally tax-
free, provided the money is
used for qualified educational
expenses. And if you invest
in your own state’s 529 plan,
your contributions may be
tax deductible. (Withdrawals
used for expenses other than
qualified education expenses
may be subject to federal and
state taxes as well as a 10%
penalty.) Because tax issues
for 529 plans can be complex,
you’ll want to consult with your
tax advisor before investing.
Online learning costs are
eligible for a 529 plan’s tax
benefits just as much as those
incurred from in-person
classes. Tuition, textbooks,
supplies, computers and
services – all of these should
qualify, assuming the school
meets certain criteria. Also,
students enrolled half-time
or more don’t have to live in
a dorm for room and board
expenses to be covered by a
529 plan – they can live in
off-campus housing. However,
these room-and-board costs
typically must equal the cost
of living on campus. Some
schools identify a specific cost
for “commuters” or “at-home
students,” so you will need to
contact the college directly to
determine qualified room-and-
board costs.
Now, let’s take a quick look
at what some changes in the
rules governing 529 plans over
the past few years might mean
for you. Eligible expenses
from your 529 plan include the
following:
- K-12 expenses – Parents
can withdraw up to $10,
per student, per year, from
their 529 plan to pay for tuition
expenses at elementary and
secondary schools. So, if you
intend to send your children to
a private school, this use of a
529 plan might interest you.
- Apprenticeships – 529
plans can be used to pay for
fees, textbooks, equipment
and other supplies connected
to apprenticeship programs
registered with the Department
of Labor. These programs,
typically offered at a
community college, combine
classroom instruction with on-
the-job training. - Student loans – Families
can withdraw funds from
a 529 plan to repay the
principal and interest for
qualified education loans,
including federal and most
private student loans. There’s
a lifetime limit of $10,000 for
student loan repayments per
each 529 plan beneficiary and
another $10,000 for each of the
beneficiary’s siblings.
All of these newer uses
of 529 plans may contain
additional guidelines and
exceptions, and state tax
treatment varies, so you’ll want
to consult with your tax advisor
before taking money from your
account. But it’s valuable for
you to know the different ways
you can put a 529 plan to work.
This article was written by
Edward Jones for use by your
local Edward Jones Financial
Advisor.
Edward Jones, Member
SIPC
Andrew Cove, AAMS®
Financial Advisor
421 W. Woodlawn Ave.
Hastings, MI 49058
(269) 945-
Member SIPC
Financial FOCUS
Provided by the Barry County
offices of Edward Jones
Kevin Beck, AAMS®
Financial Advisor
400 W. State St., Suite B
Hastings, MI 49058
(269) 945-
RUTLAND CHARTER TOWNSHIP
BARRY COUNTY, MICHIGAN
NOTICE OF PUBLIC HEARING
TO: THE RESIDENTS AND PROPERTY OWNERS OF THE CHARTER TOWNSHIP OF
RUTLAND, BARRY COUNTY, MICHIGAN, AND ANY OTHER INTERESTED PERSONS.
PLEASE TAKE NOTICE that the Planning Commission of the Charter Township of
Rutland will hold a public hearing on Wednesday, June 2, 2021, at the Rutland Charter
Township Hall, 2461 Heath Road, Hastings, Michigan, commencing at 7:00 pm as
required under the provisions of the Township Zoning Act and the Zoning Ordinance for
the Township.
PLEASE TAKE FURTHER NOTICE that the proposed item(s) to be considered at this
public hearing include the following, in summary:
- Consideration of the application for rezoning of property located at: Parcel #08-
13-005-007-00. Property is described as:
DESCRIPTION PARCEL: 08-13-005-007-
RUTLAND TWP NW ¼ SE ¼ SEC 53-9 EX COM AT E ¼ POST SEC 5 T3N
R9W TH N 89 DEG 18’ 36” W 1308.96 FT FOR POB TH N 89 DEG 18’ B36” W
530 FT TH S 00 DEG 51’ 07” E 445 FT TH S 89 DEG 18’ 36” E 530 FT TH N
00 DEG 51’ 07” W 445 FT TO POB ALSO EX W 330 FT OF NW ¼ SE ¼.
RUTLAND TOWNSHIP, BARRY COUNTY, MICHIGAN.
This parcel(s) is currently zoned as “CR” COUNTRY RESIDENTIAL. The
applicant seeks rezoning to “MDR” MEDIUM DENSITY RESIDENTIAL.
- Such and further matters as may properly come before the Planning
Commission.
PLEASE TAKE FURTHER NOTICE that the Rezoning Application, along with the Zoning
Ordinance, Zoning Map, Land Use Plan, and Land Use Plan Map of the Township may be
examined at the Township Hall at any time during regular business hours on any day
except public and legal holidays from and after the publication of this Notice and until and
including the day of this public hearing, and may further be examined at the public hearing
to determine the exact nature of the aforementioned matters.
You are invited to attend this hearing. If you are unable to attend, written comments may
be submitted in lieu of a personal appearance by writing to the Township Clerk at the
Township Hall, 2461 Heath Road, Hastings, MI 49058, at any time up to the date of the
hearing and may be further received by the Planning Commission at said public hearing.
This notice is posted in compliance with PA 267 of 1976 as amended (Open Meetings Act),
MCLA 41.72a (2) (3) and the Americans with Disabilities Act (ADA).
Rutland Charter Township will provide necessary reasonable auxiliary aids and services,
such as signers for the hearing impaired and audiotapes of printed materials being considered
at the meeting, to individuals with disabilities at the meeting/hearing upon reasonable notice
to the Rutland Charter Township Clerk. Individuals with disabilities requiring auxiliary aids or
services should contact the Rutland Charter Township Clerk by writing or calling the Township.
All interested persons are invited to be present for comments and suggestions at this public
hearing.
Robin J. Hawthorne, Clerk
Rutland Charter Township
2461 Heath Road
Hastings, Michigan 49058
161273 Telephone: (269) 948-
Prairieville Township
Parks & Recreation
Commission
We are currently conducting a survey to use
in planning the next five years activity for our
parks. Please participate in our survey at this
link https://www.surveymonkey.com/r/9LGT-
PBP. Your feedback is vital to planning what
our Commission needs to focus on for your
most enjoyable park experience. The survey
will be available until May 31, 2021.
Also, you are invited to attend our May meet-
ing with any ideas for us. Please come on
Monday, May 24th. The meeting starts at
6:30 PM at the Prairieville Township hall. We
will discuss the survey and planning first and
then move on to conduct normal Parks &
Recreation business.
Thank you in advance for participating in our
survey and planning for Prairieville Township
Parks & Recreation. 160882
Hastings Area School System
is accepting applications for
the position of:
MARKETING
COORDINATOR
Successful candidates will be a highly organized
and creative individual that can oversee media
and community relations for all school district
programs and events. This individual is also
responsible for student recruitment and public
relations. They must possess excellent skills in
writing and communication, project management,
and be knowledgeable in website and social
media management. Must be a team player,
creative, and have strong organizational and
communication skills. College degree preferred
with a background and experience in marketing.
Please see our website for complete
qualifications and full job description
http://www.hassk12.org
Please apply at:
http://www.applitrack.com/barryisd/onlineapp
Deadline for applications:
4:00 p.m., June 4, 2021
Request for Proposal
Michigan Works! West Central is soliciting pro-
posals for Region 4 Offender Success Program
for the thirteen county area – Allegan, Barry, Ionia,
Kent, Lake, Mason, Mecosta, Montcalm,
Muskegon, Newaygo, Oceana, Osceola, and
Ottawa. The Request for Proposals (RFP) will be
posted on the Michigan Works! West Central
website, http://www.mwwc.org on or around June 7,
- There will be multiple RFPs being released
for Housing Providers, Health and Behavioral
Health Providers, Resource Navigators,
Employment Services Providers, and Social
Support Providers. Proposals are due July 22,
2021 no later than 3:30 pm and shall be submitted
based on the instructions in the RFPs. The RFP
documents will be made available in alternative
format, e.g. large type, audio tape, or other format
upon request to Ellen Williams at (231) 538-0735,
TTY:711. Michigan Works! West Central is an
Equal Opportunity Employer. Female and minority
owned business are encouraged to apply.
DRAFT, continued from page 7