The Education Plan "529 Plans" : With Jeff Turcotte, & Scot Michlin

The interview highlights New Mexico’s 529 education savings plans and how they help families save money for future educational expenses. Jeff Turcotte from the New Mexico Education Trust Board explains that these tax-advantaged accounts can now be used for a wide range of expenses, including K-12 private school tuition, college costs, trade schools, apprenticeships, and even professional development courses. He also discusses the flexibility of the plans, such as transferring funds between family members or rolling unused money into a Roth IRA after 15 years. The conversation also promotes community outreach efforts and encourages New Mexico families to learn more about saving for their children’s futures through the state-sponsored program.