Saving for College

In this episode we discuss the use of 529 College Savings Plans to help parents and students save for the ever-increasing costs with college. We cover the key items that make 529 College Savings Plans such a useful tool, as well as some of the drawback and limitations. We also touch on the cost differences between various public and private universities, and the projected increase in costs for tuition over the next decade.Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.Tracking # 1-851640Music Attribution: Hopeful Start by John Bartman, License CC BY-SA 4.0 (Attribution-ShareAlike License)Send in your questions!