Sep 25 2024 31 mins 1
Saving for your kid’s college doesn’t have to mean sacrificing your own financial security.
Nick Russell and Becky Wagoner explore the ins and outs of 529 plans, the versatile college savings vehicles that can do so much more than just cover tuition fees. From understanding the tax advantages to exploring the flexibility and contributions limits, Nick and Becky break down everything you need to know about these financial tools.
Nick and Becky discuss:
- The fundamentals of 529 plans and their tax benefits
- Differences between 529 plans and prepaid tuition plans
- The versatility of 529 funds for various educational and related expenses
- How 529 plans can potentially impact your retirement planning and financial future
- And more
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