EPISODE · Jan 6, 2021 · 11 MIN
529 Plans and the New Year
from Wealth Talks
529 plans are touted as a way to save for your children's education. But saving money in a 529 plan is a lot like sending your money to jail. Once your money is in a 529 plan you can't use it for anything other than education. If you need to use that money for other purposes, you'll pay a hefty penalty! But there is a way to get money out of a 529 plan without paying a penalty. On this episode of Wealth Talks, Tom and John will explain how to do this. Also on this episode: How to set your Financial New Year Resolutions in 2021 Resources: How to Build Sustainable Wealth Richest Man in Babylon
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529 Plans and the New Year
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How long is this episode of Wealth Talks?
This episode is 11 minutes long.
When was this Wealth Talks episode published?
This episode was published on January 6, 2021.
What is this episode about?
529 plans are touted as a way to save for your children's education. But saving money in a 529 plan is a lot like sending your money to jail. Once your money is in a 529 plan you can't use it for anything other than education. If you need to use...
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