The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs

In this episode, Lucas and Luna explore a lesser-known but powerful use of 529 plan funds: covering expenses for your child's independent study or self-designed curriculum. With the rise of personalized learning paths, many parents are creating tailored educational experiences outside traditional school settings. The hosts walk through what qualifies as an independent study under IRS guidelines, using real examples like a high schooler building a portfolio in game design or a middle schooler pursuing deep-dive research in marine biology. They discuss the documentation needed, how to ensure expenses are eligible, and the role of an accrediting or supervising entity. The conversation also touches on the 2026 regulatory landscape, including recent clarifications from the IRS on non-traditional educational expenses. Tune in to learn how to align your 529 plan with your child's unique learning journey while staying tax-advantaged. #529Plans #IndependentStudy #EducationFunding #CollegeSavings #SelfDirectedLearning #TaxAdvantaged #LucasAndLuna #Finance #PersonalFinance #Homeschooling #AlternativeEducation #IRSguidelines #LearningPaths #CustomCurriculum #GameDesign #MarineBiology #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 60 of The College Savings Podcast with Fexingo: Lucas and Luna explore how 529 plans can cover trade school tuition and related expenses. They break down the specific eligible costs at accredited trade and technical schools, including equipment fees and living expenses. Lucas shares a concrete example of a plumbing apprenticeship program that qualifies, while Luna highlights the growing demand for skilled trades and how families can use 529 funds strategically. Plus, a quick listener-funded moment about keeping the podcast ad-free. Perfect for parents considering non-traditional education paths for their children. #529Plan #TradeSchool #VocationalEducation #SkilledTrades #CollegeSavings #EducationFunding #Apprenticeship #TechnicalSchool #Plumbing #Electronics #LucasAndLuna #Fexingo #FinanceShow #BusinessPodcast #PersonalFinance #EducationCosts #SavingsStrategy #PodcastEpisode Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dive into a little-known 529 plan provision: using funds for special needs therapies like speech, occupational, and behavioral therapy. With specific examples from the IRS rules and a real-world case of a family using a 529 for autism-related expenses, they explain what qualifies, what doesn't, and the key documentation you need. If you're a parent or grandparent planning for a child with special needs, this episode gives you actionable guidance on leveraging your 529 without triggering penalties. #529Plan #SpecialNeeds #TherapyExpenses #EducationFunding #CollegeSavings #IRS #Autism #SpeechTherapy #OccupationalTherapy #BehavioralTherapy #Finance #PersonalFinance #FamilyFinance #Disability #Section529 #TaxAdvantaged #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna dive into the often-overlooked flexibility of 529 plans: paying for K-12 private school tuition. They explain the $10,000 annual limit per beneficiary, how the Tax Cuts and Jobs Act of 2017 made this possible, and the strategic considerations for parents. Using a real-world example, they show how a family in Ohio could save on state income taxes while funding private elementary school. They also discuss the trade-offs between using 529 funds for K-12 versus saving for college, and the impact on financial aid. No clickbait, no fluff—just a clear breakdown of a powerful but underused 529 feature. Perfect for parents weighing private school options or looking to maximize education savings. #529Plan #K12Tuition #EducationSavings #PrivateSchool #TaxCutsAndJobsAct #CollegeSavingsPodcast #Fexingo #Finance #PersonalFinance #LucasAndLuna #Ohio #StateTaxDeduction #FinancialAid #ESAA #Coverdell #QualifiedExpenses #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In episode 57 of The College Savings Podcast with Fexingo, Lucas and Luna explore a trend that's gaining traction: using 529 plan funds for a gap year before college. They break down the IRS rules that make structured gap year programs — like those offered by City Year, Outward Bound, and the National Outdoor Leadership School (NOLS) — qualified education expenses. The hosts discuss the 'less than one course per semester' test, how room and board costs apply when traveling, and the paperwork families need to keep. They also share real-world examples, including a student who used her 529 to pay for a service-learning program in Costa Rica. If you're a parent or student considering a gap year, this episode gives you the specific rules and strategies to avoid an expensive tax mistake. Lucas and Luna also touch on the broader trend of gap years becoming more structured and how the IRS has gradually clarified the rules. No sponsor breaks, just straight talk from two finance pros. #529Plans #GapYear #CollegeSavings #EducationFunding #QualifiedExpenses #IRS #CityYear #OutwardBound #NOLS #RoomAndBoard #StudentCosts #Finance #FexingoBusiness #BusinessPodcast #LucasAndLuna #TaxRules #CollegePrep #ExperientialLearning Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore how parents can use a 529 plan to fund a child's technology startup, covering eligible expenses like prototype development, software licensing, and legal fees. They discuss the IRS's 'course of study' test, real-world examples of student entrepreneurs, and tips for documenting expenses to avoid penalties. Tune in to learn how to support your young founder's education and business goals with tax-advantaged savings. #529Plan #TechStartup #StudentEntrepreneur #CollegeSavings #EducationFunding #IRSGuidelines #QualifiedExpenses #PrototypeDevelopment #SoftwareLicensing #LegalFees #BusinessRegistration #TaxAdvantaged #Entrepreneurship #CodingBootcamp #StartupCosts #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 55 of The College Savings Podcast explores a little-known 529 strategy: using tax-advantaged funds to cover costs during medical residency. Lucas explains the IRS rules behind qualified medical residency expenses, including licensing fees, travel for interviews, and relocation costs. Luna questions the eligibility of residency stipends and whether the plan can be used for board exam fees. The hosts discuss a real-world case: a family in Ohio who redirected unused 529 funds to support their daughter through a four-year internal medicine residency, saving an estimated $18,000 in taxes and penalties. They also cover the pitfalls of overfunding and the importance of keeping detailed receipts. The episode closes with a forward-looking question about whether the IRS will expand qualified expenses for graduate medical education. If you have a child heading to med school or residency, this episode offers a concrete strategy to stretch your 529 dollars further. #529Plan #MedicalResidency #CollegeSavings #GraduateMedicalEducation #IRS #TaxAdvantaged #ResidencyCosts #BoardExamFees #RelocationExpenses #LicensingFees #InternalMedicine #Ohio #FamilySaving #Overfunding #Finance #FexingoBusiness #BusinessPodcast #EducationFunding Keep every episode free: buymeacoffee.com/fexingo

Episode 54 of The College Savings Podcast explores how 529 plans can cover costs for registered apprenticeship programs, a growing alternative to traditional college. Lucas and Luna break down the 2026 rule changes that expanded qualified expenses to include tools, equipment, and living stipends for apprentices. They discuss real-world examples like a plumbing apprenticeship in Ohio and a software development program in California, highlighting tax advantages and potential pitfalls. The hosts also address common questions about combining apprenticeships with community college credits and the impact on financial aid. Listeners learn specific strategies to maximize 529 funds for apprenticeship-related costs, including how to document expenses for IRS compliance. Perfect for parents and students considering skilled trades or tech apprenticeships as a debt-free path to a career. #529Plan #Apprenticeship #CollegeSavings #SkilledTrades #Finance #CareerTraining #TaxAdvantage #EducationFunding #StudentCosts #IRS #RegisteredApprenticeship #ToolsAndEquipment #LivingStipend #FexingoBusiness #BusinessPodcast #LucasAndLuna #CollegeSavingsPodcast #529Rules Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore how 529 plans can cover certification exam fees for professional credentials like the CPA, CFA, PMP, and nursing or IT certifications. They walk through the specific IRS rules that define qualified expenses for exams, highlight the difference between prep courses and the test itself, and discuss how this flexibility helps students and career-changers reduce out-of-pocket costs. With concrete examples and practical tips on documentation and timing, this episode helps listeners understand an overlooked use of their 529 savings. They also touch on how families can coordinate multiple certifications under one plan and the importance of keeping receipts. If you're considering a certification that could boost your career, this episode shows how your 529 plan might already cover the exam fee. #529Plan #CertificationExam #ProfessionalCredentials #Finance #CollegeSavings #CPC #CFA #PMP #NursingCert #CareerChange #EducationFunding #IRS #TaxAdvantaged #ExamFees #Lucas #Luna #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore an often-overlooked 529 plan expense: driver education. They walk through IRS rules for qualified expenses, the difference between a high school driver's ed course and a commercial driving school, and how a teen's behind-the-wheel training can qualify if part of an eligible educational program. Using a real family scenario from Ohio, they show how $1,200 in driving school costs could be reimbursed from a 529 account. They also address common pitfalls, including recordkeeping requirements and the risk of a non-qualified distribution if the course isn't tied to a certificate or degree. Listeners learn one concrete strategy to stretch their 529 dollars further. #529Plan #CollegeSavings #DriverEducation #QualifiedExpenses #IRS #EducationFunding #TeenDriving #Finance #PersonalFinance #TaxAdvantaged #HighSchool #DriversEd #SavingsStrategy #ParentingTeens #FinancialLiteracy #FexingoBusiness #BusinessPodcast #TheCollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dive into a specific 529 plan use that many families overlook: summer enrichment programs. From academic camps at private high schools and colleges to specialized programs like the Center for Talented Youth at Johns Hopkins or the Summer Science Program, Lucas explains the qualified expense rules under the Tax Cuts and Jobs Act. They break down what counts—tuition, fees, room and board (if the program has a campus component), and even required books and supplies. They also warn about what doesn't qualify: extracurricular summer camps focused purely on recreation, sports camps without academic content, and non-credit programs that lack enrollment requirements. Luna shares a cautionary tale about a family who used 529 funds for a commercial coding camp that didn't qualify for qualified expense treatment. The episode also covers documentation best practices and the importance of getting written confirmation from the program provider that it's an eligible educational institution. By the end, listeners will know exactly how to vet a summer program for 529 eligibility and avoid costly distributions. #529Plans #SummerPrograms #Enrichment #CollegeSavings #Section529 #QualifiedExpenses #TaxCutsAndJobsAct #CenterForTalentedYouth #JohnsHopkins #SummerScienceProgram #AcademicCamp #EducationalInstitution #RoomAndBoard #CodingCamp #Luna #Lucas #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore how 529 plan funds can be used for coding bootcamps and other non-degree technology training programs. With a 2026 rule clarification from the IRS-qualified expenses now include registered apprenticeship programs and certain certification costs, we drill into what counts, what doesn't, and how to navigate the fine print. Using the example of a typical 16-week web development bootcamp costing around $15,000, we walk through the key requirements: the program must be offered by an eligible educational institution, the student must be enrolled at least half-time, and the expense must be for tuition and fees only—not laptops or software. We also discuss how to check if a bootcamp is Title IV eligible, what documentation to keep, and how this fits into a broader college savings strategy. Plus, we consider the trade-offs: using 529 funds for a bootcamp versus traditional college savings, and what happens if your child doesn't complete the program. A practical guide for parents considering alternative education paths in 2026. #529Plans #CodingBootcamp #EducationFunding #CollegeSavings #AlternativeEducation #IRS #QualifiedExpenses #TechTraining #Parenting #PersonalFinance #Finance #FinancialPlanning #TaxAdvantaged #CareerChange #SkillsTraining #FexingoBusiness #BusinessPodcast #CollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

Many parents don't realize that 529 plan funds can be used for certain sports-related educational expenses, not just traditional college tuition. In this episode, Lucas and Luna explore how the IRS classifies athletic training—like private coaching, sports camps, and specialized equipment—when tied to an eligible educational institution. They break down the key distinction between recreational sports and curriculum-integrated programs, using examples like a tennis academy affiliated with a university and a high school's credit-bearing basketball program. They also discuss how homeschool families can incorporate physical education costs. If you've wondered whether your child's elite soccer training could qualify as a qualified education expense, this episode provides practical guidelines to avoid a tax headache. #529Plan #CollegeSavings #AthleticTraining #SportsEducation #IRSguidelines #QualifiedExpenses #PrivateCoaching #SportsCamp #PhysicalEducation #Homeschooling #EducationFunding #FexingoBusiness #BusinessPodcast #Finance #TaxSaving #StudentAthlete #TuitionAndFees #529Rules Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast with Fexingo, Lucas and Luna explore how 529 plans can be used to cover study abroad program costs in 2026. They walk through the specific IRS rules for qualified expenses abroad, including tuition, room and board, airfare, and even health insurance. The hosts highlight the key requirement that the program must be sponsored by an eligible educational institution and that the student must be enrolled at least half-time. They also cover common pitfalls, like using 529 funds for non-qualified travel or personal expenses. Lucas shares a concrete example of a student studying in Barcelona through a U.S. university partnership, showing how a family saved thousands in taxes by using 529 withdrawals. The episode includes a listener question about handling currency exchange and foreign institution eligibility. Tune in for a practical guide to maximizing your 529 for an international education experience. #529Plan #StudyAbroad #CollegeSavings #EducationFunding #InternationalEducation #TaxAdvantaged #QualifiedExpenses #StudentTravel #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #FinancialPlanning #StudentLoans #EducationCosts #Barcelona #IRS #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore how 529 plans can cover internship-related costs in 2026. They discuss the IRS rules on qualified expenses, including travel, housing, and equipment, using the example of a student interning in San Francisco. They explain how to document expenses, the importance of the university's co-op or internship program, and the limits on room and board. A practical guide for parents and students navigating the gap between academic credit and real-world work experience, with tips on avoiding penalties and maximizing tax-free withdrawals. #529Plan #InternshipExpenses #CollegeSavings #QualifiedExpenses #IRS #RoomAndBoard #TravelCosts #HousingAllowance #CoOpProgram #TaxFreeWithdrawal #FinancialAid #EducationFunding #StudentInternship #SummerInternship #FexingoBusiness #BusinessPodcast #PersonalFinance #529WithdrawalRules Keep every episode free: buymeacoffee.com/fexingo

Episode 46 of The College Savings Podcast explores a powerful but often overlooked 529 strategy: grandparents opening and managing accounts for grandchildren. Hosts Lucas and Luna break down the financial aid implications, the new Secure Act 2.0 rules for treating grandparent-owned 529s as beneficiary income, and the control advantages for grandparents who want to maintain ownership. They walk through a concrete example of a $50,000 contribution by a grandmother in Florida, how it interacts with the gift tax annual exclusion, and the potential 5-year election. The episode also covers the risk of reduced financial aid eligibility and offers a practical framework for deciding whether the grandparent or the parent should own the account. Perfect for grandparents wanting to help with college without unintended tax or aid penalties. #529Plan #Grandparent529 #CollegeSavings #SecureAct2.0 #FinancialAid #GrandchildEducation #GiftTax #GenerationalWealth #EducationFunding #StudentAid #Fafsa #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #Investing #CollegeCosts #FamilyPlanning Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore a powerful yet often overlooked use for 529 plans: funding apprenticeship programs. As of June 2026, apprenticeships are booming across industries like construction, healthcare, IT, and advanced manufacturing. Lucas explains how the SECURE 2.0 Act expanded 529 eligibility to include registered apprenticeship costs, including fees, tools, and equipment. They walk through a concrete example: a high school graduate entering a four-year electrical apprenticeship with the International Brotherhood of Electrical Workers, showing how a 529 plan can cover union dues, safety gear, and textbooks. They also discuss the differences between registered and unregistered programs, the role of employer partnerships, and how families can coordinate 529 withdrawals with employer tuition reimbursement programs. The episode provides practical tips on documenting expenses and avoiding common pitfalls, making it a must-listen for parents exploring non-college career paths for their children. #529Plans #Apprenticeships #CollegeSavings #CareerTraining #SkilledTrades #SECURE2.0 #EducationFunding #VocationalTraining #RegisteredApprenticeship #IBEW #ToolAllowance #TuitionReimbursement #Finance #FexingoBusiness #BusinessPodcast #CollegeSavingsPodcast #LucasAndLuna #WorkforceDevelopment Keep every episode free: buymeacoffee.com/fexingo

On The College Savings Podcast with Fexingo, Lucas and Luna explore a specific and growing use of 529 plan funds: covering expenses for your child's robotics competition team. They break down the IRS's broad 'educational enrichment' qualification, using the FIRST Robotics Competition as a concrete example. Lucas walks through allowable costs—registration fees, travel to regionals, robot parts, and even team uniforms—and explains how to document withdrawals for audit-proof compliance. Luna asks the practical questions: what about tools and laptops for coding? The episode also touches on the Secure 2.0 rules that took effect in 2024, which expanded 529 definitions. Perfect for STEM-focused parents or anyone wondering if extracurricular gear qualifies. Tune in for a tight, number-driven conversation about turning competition into qualified education savings. #529Plans #Robotics #STEM #EducationSavings #FIRSTRobotics #QualifiedExpenses #CollegeFunding #Secure2.0 #TaxAdvantaged #Extracurricular #RobotParts #TravelExpenses #CodingLaptop #FexingoBusiness #BusinessPodcast #FinancePodcast #Parenting #StudentSuccess Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast with Fexingo, hosts Lucas and Luna explore how 529 plans can be used to cover homeschooling expenses, a flexible option many families overlook. Lucas breaks down the specific qualified expenses under current IRS rules, including curriculum materials, tutoring, educational software, and even certain extracurriculars tied to homeschooling. He cites a 2024 study from the Home School Legal Defense Association showing over 3.7 million homeschooled students in the U.S., up 30% since 2019. Luna shares a real-world example from a listener in Texas who successfully used her 529 to pay for an online math curriculum and a part-time tutor. The hosts discuss state-by-state differences and the importance of keeping detailed receipts. They also note a proposed rule change in early 2026 that could expand 529 eligibility to include home education technology. Perfect for parents who homeschool or are considering it and want to maximize tax-advantaged savings. #529Plan #Homeschooling #EducationFunding #CollegeSavings #IRS #HomeschoolExpenses #TaxAdvantaged #Curriculum #Tutoring #EducationalSoftware #HSLDA #StateTax #PersonalFinance #Finance #FamilyFinance #FexingoBusiness #BusinessPodcast #TheCollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore how 529 plans can be used to pay for qualified music lessons, art classes, and other arts education expenses beyond traditional college costs. They break down the IRS rules on what counts as a qualified expense, highlight the SECURE Act expansions that include certain extracurricular programs, and share real-world examples of families using 529 funds for private music instruction and art supplies. The episode clarifies the distinction between hobby enrichment and degree-seeking coursework, and offers practical tips for documenting expenses to avoid penalties. With the rising cost of arts education and the flexibility that 529 plans now offer, this conversation helps parents maximize their savings for a child's creative development while staying tax-advantaged. #529Plans #ArtsEducation #MusicLessons #ArtClasses #CollegeSavings #IRS #SECUREAct #QualifiedExpenses #TaxAdvantaged #CreativeDevelopment #Parenting #EducationFunding #Finance #Business #FexingoBusiness #BusinessPodcast #LucasAndLuna #TheCollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna dive into using 529 plans for study abroad programs. With more students than ever pursuing international education, the hosts clarify what expenses qualify — tuition, room and board, even airfare — and what doesn't. They walk through a concrete example: a University of Michigan student spending a semester in Madrid, and how a 529 plan covers both the home university's tuition and the host institution's fees, as long as the program is accredited and the student is enrolled at least half-time. They also discuss the 2026 rule changes that expanded eligible institutions, including foreign schools now on the Department of Education's list. Plus, a real-world tip about keeping receipts in both euros and dollars. Whether your child dreams of studying in London, Tokyo, or Buenos Aires, this episode shows you how to make your 529 savings travel-friendly. #529Plan #StudyAbroad #CollegeSavings #EducationFunding #InternationalEducation #QualifiedExpenses #RoomAndBoard #AccreditedPrograms #TaxAdvantaged #FeesAndAirfare #UniversityOfMichigan #Madrid #2026Rules #ForeignInstitutions #Finance #FexingoBusiness #BusinessPodcast #StudentTravel Keep every episode free: buymeacoffee.com/fexingo

In Episode 40 of The College Savings Podcast, Lucas and Luna explore a little-known but powerful use of 529 plans: covering the costs of attending a U.S. military service academy like West Point, the Naval Academy, or the Air Force Academy. While tuition is free at these institutions, there are still significant expenses for uniforms, equipment, travel, and supplies that can add up to thousands of dollars per year. Lucas breaks down the specific rules from the IRS and the Tax Cuts and Jobs Act that allow 529 funds to be used for these qualified expenses, including room and board for academy students. They also discuss the strategic advantage of using a 529 plan to supplement an ROTC scholarship at a civilian college. The episode includes a concrete example of a cadet's annual uniform and equipment costs at the Naval Academy, and a warning about the ABLE account alternative for disabled dependents. Tune in for a focused, practical guide to a niche but valuable college savings strategy. #529Plan #MilitaryAcademy #CollegeSavings #WestPoint #NavalAcademy #AirForceAcademy #ROTC #EducationFunding #QualifiedExpenses #TaxCutsAndJobsAct #RoomAndBoard #UniformCosts #FinancialPlanning #PersonalFinance #FexingoBusiness #BusinessPodcast #CollegeSavingsPodcast #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore a growing education trend: using 529 plan funds to cover entrepreneurship programs for kids and teens. They break down the IRS rules around qualified expenses, look at real-world examples like startup incubators for high school students and summer business camps, and discuss how parents can document costs to stay compliant. They also touch on the broader shift toward non-traditional education paths and why 529 plans are evolving to match. Plus, the hosts explain how listeners can support the show's ad-free mission at buy me a coffee dot com slash fexingo. #529Plan #EntrepreneurshipEducation #CollegeSavings #QualifiedExpenses #IRS #EducationFunding #YouthEntrepreneurship #StartupCamp #BusinessCamp #NonTraditionalEducation #TaxAdvantaged #FexingoBusiness #BusinessPodcast #Finance #CollegeSavingsPodcast #Parenting #SummerProgram #Incubator Keep every episode free: buymeacoffee.com/fexingo

Episode 38 of The College Savings Podcast explores how families can use 529 plan funds to cover costs associated with independent study programs and credit-by-examination fees, like those for the College-Level Examination Program (CLEP) and Advanced Placement (AP) exams. Lucas and Luna discuss the IRS rules that allow these expenses to qualify as qualified higher education expenses (QHEEs) when the exams are taken for college credit at an eligible institution. They walk through a concrete example: a student pays $100 for a CLEP exam and $50 for a proctoring fee — both can be covered by a 529 plan. They compare this to the cost of a three-credit college course, potentially saving thousands. The hosts also caution about tax implications if the exam doesn't lead to credit, and highlight a 2022 IRS Private Letter ruling that clarifies the rules. This episode is a practical guide for parents and students looking to minimize college costs using existing 529 funds. #529Plan #CreditByExam #CLEP #APExam #IndependentStudy #CollegeSavings #QualifiedHigherEducationExpenses #IRS #PrivateLetterRuling #TaxAdvantaged #CollegeCosts #EducationFunding #StudentCosts #Finance #PersonalFinance #FexingoBusiness #BusinessPodcast #CollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna explore how 529 plans can be used strategically for student loan refinancing, a topic that many families overlook. They discuss the SECURE Act 2.0 provisions that allow up to $10,000 in penalty-free 529 withdrawals for qualified student loan repayments, including refinanced loans. Lucas explains the nuance of refinancing private loans versus federal loans, noting that refinancing federal loans means losing income-driven repayment options. Luna brings up the case of a listener who used a 529 to refinance her daughter's private law school loans, saving over $3,000 in interest. They also cover the state tax implications, as some states treat 529 withdrawals for loan repayment as non-qualified. Finally, they touch on the 2026 Roth IRA rollover option as an alternative for unused 529 funds. The episode is anchored by a specific example: a family with $25,000 in leftover 529 assets after a child graduates, weighing whether to save on state taxes now or roll into a Roth IRA for retirement. #529Plans #StudentLoans #Refinancing #SECUREAct2 #RothIRARollover #EducationFunding #Finance #CollegeSavings #StudentDebt #FexingoBusiness #BusinessPodcast #LucasAndLuna #TaxPlanning #LoanRepayment #PrivateLoans #FederalLoans #InterestSavings #PodcastEpisode Keep every episode free: buymeacoffee.com/fexingo

In Episode 36 of The College Savings Podcast, Lucas and Luna explore whether a 529 plan can cover expenses for a gap year program — think structured travel, volunteer work, or internships between high school and college. They break down IRS rules on qualified withdrawals, the difference between a legitimate educational program and a personal vacation, and how to document expenses to avoid penalties. Featuring a real example from a family using a 529 for a 10-week cultural exchange in Costa Rica, they explain what counts as 'room and board' when the student isn't enrolled at an eligible institution. They also touch on the 2026 rule allowing 529-to-Roth rollovers and how a gap year might affect that timeline. If you're considering a gap year for your teen, this episode gives you the concrete guidelines you need to avoid a tax surprise. #529Plan #GapYear #CollegeSavings #EducationFunding #Finance #FexingoBusiness #BusinessPodcast #QualifiedExpenses #IRS #RoomAndBoard #StudyAbroad #CostaRica #StudentCosts #TaxFreeWithdrawals #RothIRA #2026 #Podcast #CollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 35 of The College Savings Podcast with Fexingo dives into an often-overlooked use of 529 plans: funding trade school, apprenticeship programs, and vocational certifications. Lucas and Luna explore the IRS rules that make these expenses qualified, walk through a concrete example of a welding apprenticeship costing $8,200 per year, and compare the flexibility of 529 funds against other education savings vehicles. They also discuss how recent SECURE Act 2.0 changes expanded the definition of qualified apprenticeships, including the $1,000 annual credit for employers. This episode also includes a brief note on why the show remains ad-free and how listeners can support it. Perfect for parents considering non-traditional paths for their kids or anyone wondering if 529 plans can pay for skilled trades training. #529Plans #TradeSchool #Apprenticeships #VocationalTraining #CollegeSavings #SECUREAct2 #SkilledTrades #Welding #Electrician #Plumbing #HVAC #QualifiedExpenses #EducationFunding #Finance #FexingoBusiness #BusinessPodcast #Podcast #TheCollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

Millions of families with children who have special needs face a unique college savings challenge: how to save without jeopardizing eligibility for means-tested benefits like SSI and Medicaid. In this episode of The College Savings Podcast, Lucas and Luna break down the lesser-known intersection of 529 plans and disability planning. They explore why a traditional 529 can trigger asset limits, how an ABLE account offers a parallel savings vehicle with key tax advantages, and the strategic trade-offs between the two. Referring to the SECURE Act 2.0 and recent IRS clarifications, the hosts explain a planning strategy that lets families use both accounts together — what planners call 'dual-account stacking.' They walk through a concrete example: a family contributing to both a 529 and an ABLE account to maximize education savings while preserving benefit eligibility. Whether your child has Down syndrome, autism, or another qualifying condition, this episode provides actionable guidance for a safer, smarter savings approach. #529Plan #ABLEAccount #SpecialNeeds #CollegeSavings #SSI #Medicaid #SECUREAct2 #DisabilityPlanning #SpecialNeedsTrust #EducationFunding #TaxAdvantaged #IRS #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #FamilyFinance #EstatePlanning Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna unpack the SECURE 2.0 provision that allows unused 529 plan funds to roll over into a Roth IRA for the beneficiary, effective 2024. They walk through the key limits: the 15-year account rule, the $35,000 lifetime cap, the annual Roth contribution limit, and the requirement that the 529 account be at least 15 years old. Using a concrete example of a family with $40,000 left after their child graduates college debt-free, they explain how to maximize the rollover without triggering taxes or penalties. They also cover pitfalls, like failing to meet the 5-year holding period for the rollover amount. The episode closes with a practical checklist for parents and grandparents managing overfunded 529 plans. This is a must-listen for anyone with a 529 balance that exceeds projected education costs. #529Plan #RothIRA #SECURE2.0 #CollegeSavings #RetirementPlanning #EducationFunding #RolloverStrategy #TaxAdvantaged #Finance #FexingoBusiness #BusinessPodcast #LucasAndLuna #Overfunded529 #529ToRoth #CustodialAccount #FinancialPlanning #WealthTransfer #StudentDebt Keep every episode free: buymeacoffee.com/fexingo

Episode 32 of The College Savings Podcast tackles a lesser-known 529 strategy: funding graduate medical education. Lucas and Luna break down how medical school's unique cost structure—long duration, clinical rotations, residency expenses—can make a 529 plan a surprisingly effective tool. They walk through a concrete example: a family saving $400 a month from birth, projected to cover nearly half the cost of four years of medical school at a public university. The hosts also address the risk of overfunding and what happens if the beneficiary doesn't pursue medicine. A practical episode for parents eyeing a high-cost, long-training-degree path. #529Plan #MedicalSchool #GraduateEducation #CollegeSavings #EducationFunding #StudentCosts #MedSchool #Residency #PhysicianTraining #CostOfMedicine #Finance #PersonalFinance #Investing #Fexingo #TheCollegeSavingsPodcast #LongTermSavings #TaxAdvantaged #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore an often-overlooked qualified expense for 529 plans: driver education. They dive into the IRS rules for vocational training expenses, using the example of a $1,200 driver's ed program at a certified driving school. Lucas explains how the Tax Cuts and Jobs Act expanded 529 qualified expenses to include K-12 tuition and apprenticeship costs, and how driver education can qualify under the vocational training category if it leads to a commercial driver's license or is part of a registered apprenticeship. They also discuss the pitfalls of using 529 funds for standard driver's ed that doesn't meet IRS criteria, such as a simple behind-the-wheel course for a teenager. The episode provides concrete guidance on documentation, eligible institutions, and the importance of the training being part of a recognized career pathway. Tune in to learn how to avoid a surprise tax bill and maximize your 529 plan for practical skills training. #529Plan #DriverEducation #QualifiedExpenses #VocationalTraining #CollegeSavings #IRS #TaxCutsAndJobsAct #Apprenticeship #CommercialDriversLicense #CDL #CareerPathway #EducationFunding #Finance #FexingoBusiness #BusinessPodcast #TheCollegeSavingsPodcast #LucasAndLuna #SavingsStrategy Keep every episode free: buymeacoffee.com/fexingo

Episode 30 of The College Savings Podcast tackles a growing niche: using 529 plans to fund flight school and aviation career training. Lucas and Luna break down why the IRS treats flight training as a qualified higher education expense when the program is part of a degree-granting institution or a certified vocational school — but not when it's a recreational license. They walk through a real-world example: a student at Embry-Riddle Aeronautical University paying for private pilot and commercial pilot certificates with 529 funds, and how the rules differ for independent flight schools like ATP Flight School. They also cover the key gotcha — if your child doesn't finish the program, penalty-free withdrawals are limited. Plus, a brief on how the SECURE 2.0 Act's Roth rollover option adds flexibility for students who get airline scholarships. Finally, Lucas and Luna explain why they keep the show ad-free and how listeners can support that at buy me a coffee dot com slash fexingo. #529Plan #FlightSchool #AviationTraining #CollegeSavings #EmbryRiddle #ATPFlightSchool #SECURE2_0 #QualifiedEducationExpenses #PilotTraining #VocationalSchool #IRS529Rules #RothRollover #Finance #PersonalFinance #EducationFunding #FexingoBusiness #BusinessPodcast #TheCollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 29 explores a growing use for 529 plans: funding coding bootcamps and other non-degree tech training programs. Lucas and Luna break down the IRS rules on qualified expenses, how the TCJA of 2017 expanded 529 eligible programs to include certain certificate and credential programs, and the key requirement that the bootcamp must be offered by an accredited institution. They discuss the example of a typical 12-week coding bootcamp costing around $15,000, and how a 529 plan can pay for tuition, required equipment, and even some housing costs if the student is enrolled at least half-time. The hosts also highlight the pitfall: many popular bootcamps are not yet accredited, so withdrawals could be subject to taxes and penalties. Listeners learn how to verify accreditation, what documentation to keep, and how this strategy compares to using a 529 for traditional college or a Roth IRA. This episode is a practical guide for parents and students considering alternative education paths in the tech industry. #529Plan #CodingBootcamp #EducationFunding #TechTraining #NonDegreeEducation #IRS #Accreditation #TaxAdvantaged #CollegeSavings #CareerChange #BootcampTuition #QualifiedExpenses #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #LucasAndLuna #EducationSavings Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore how 529 plans can be used for K-12 private school tuition, a lesser-known provision from the Tax Cuts and Jobs Act of 2017. They break down the $10,000 annual limit per beneficiary, the distinction between public and private schools, and how this strategy interacts with state tax deductions. Lucas shares a concrete example: a family in New York contributing to a 529 plan for elementary school tuition and the potential state tax benefits. Luna asks about the timing of withdrawals and the risk of overfunding if the child later attends public high school. They also discuss pitfalls like the generation-skipping transfer tax for grandparents and the importance of coordinating with other education savings. The episode offers a fresh angle on 529 flexibility beyond college, helping parents consider K-12 as a valid qualified expense. #529Plan #K12Tuition #PrivateSchool #CollegeSavings #EducationFunding #TaxCutsAndJobsAct #QualifiedExpenses #StateTaxDeduction #CustodialAccount #UTMA #GenerationSkippingTransferTax #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #LucasAndLuna #SavingsStrategy #EducationPlanning Keep every episode free: buymeacoffee.com/fexingo

Can you use 529 plan funds to buy your child a car? The answer is more nuanced than you might think. In this episode, Lucas and Luna break down the IRS rules on qualified expenses, explain the 'room and board' loophole that some families exploit, and walk through the specific conditions under which a vehicle purchase could be penalty-free. They also discuss the risks of audit and how to document your withdrawal properly. Plus, they share a real-world example of a family who used 529 dollars for a used Honda Civic when their daughter lived off-campus. If you're weighing college savings flexibility, this is a must-listen. #529Plan #CollegeSavings #QualifiedExpenses #RoomAndBoard #IRS #TaxPenalty #EducationFunding #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #ParentingFinance #StudentCosts #OffCampusHousing #CarPurchase #529Loophole #AuditRisk #HondaCivic Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore how 529 plan funds can be repurposed to help adult children buy their first home, using a specific $35,000 lifetime limit per beneficiary from the SECURE 2.0 Act. They break down the rules: the account must be at least 15 years old, only up to $10,000 per year can be withdrawn, and the beneficiary must be the homebuyer. They walk through a real example of a parent who contributed $200 a month for 18 years, then used $35,000 tax-free for a down payment. They also explain the key pitfalls, including the 15-year account age rule and the per-beneficiary cap. The conversation is grounded in the current June 2026 economic environment, with rising home prices making this strategy increasingly popular. Perfect for parents with 529 plans who want flexibility beyond education costs. #529Plan #DownPayment #SECURE2.0 #HomeBuying #FirstTimeHomeBuyer #CollegeSavings #Parenting #PersonalFinance #RealEstate #TaxFree #FinancialPlanning #WealthTransfer #FexingoBusiness #BusinessPodcast #Finance #EducationFunding #529Rollover #GenerationalWealth Keep every episode free: buymeacoffee.com/fexingo

Episode 25 of The College Savings Podcast tackles a difficult but important question: what happens to a 529 plan if the beneficiary passes away before the funds are used? Lucas and Luna walk through the IRS rules on penalty-free withdrawals following a beneficiary's death, including the 10% penalty waiver and the tax treatment of earnings. They discuss the distinction between a beneficiary death and a non-qualified withdrawal, how to document the change in circumstance, and what happens if the account owner is also the beneficiary. The hosts also cover strategies for naming successor beneficiaries and the importance of updating beneficiary designations. This episode gives listeners the specific steps and tax forms involved, so they know exactly what to do in an emotionally difficult situation. Practical, clear, and compassionate guidance for a topic no one wants to think about but every 529 plan owner should understand. #529Plan #BeneficiaryDeath #PenaltyFreeWithdrawal #IRS #CollegeSavings #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #EstatePlanning #Tax #EducationFunding #SECUREAct #Beneficiary #NonQualifiedWithdrawal #Form1099Q #SuccessorBeneficiary #FinancialPlanning Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore a lesser-known 529 plan strategy: using leftover 529 funds to repay student loans after graduation. They walk through the $10,000 lifetime limit per beneficiary under the Tax Cuts and Jobs Act, how it interacts with the state tax deduction on contributions, and what happens if the beneficiary doesn't need the funds. The episode drills into a concrete example: a family in New York that saved $50,000 in a 529, but their child earned a scholarship covering most tuition. The hosts break down the tax implications of using the excess for loan repayment versus taking a non-qualified withdrawal. They also flag the SECURE 2.0 provision that allows rollovers to Roth IRAs as a competing option. A must-hear for parents worried about overfunding a 529. #529Plan #StudentLoans #CollegeSavings #TaxCutsAndJobsAct #StudentLoanRepayment #QualifiedExpenses #SECURE2.0 #RothIRA #Overfunding529 #Scholarship #FinancialAid #EducationFunding #TaxStrategy #PersonalFinance #FexingoBusiness #BusinessPodcast #TheCollegeSavingsPodcast #Podlet Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna explore how 529 plans can be used to fund cybersecurity bootcamps and certifications, a qualified expense under the SECURE Act. They discuss the growing demand for cyber talent, the cost of programs like SANS or CompTIA certifications, and how families can leverage 529 plans for non-degree training. Lucas shares a specific example: a student using a 529 plan to pay for a 20-week cybersecurity bootcamp at a community college, which qualifies as a trade school under current rules. They also touch on the flexibility of 529 plans for online programs and the importance of checking state-specific regulations. This is an essential angle for parents and career-changers looking at high-demand fields without traditional four-year degrees. #529Plans #CybersecurityEducation #CollegeSavings #TradeSchool #BootcampFunding #SECUREAct #Certifications #CompTIA #SANS #OnlineLearning #CareerChange #Finance #FexingoBusiness #BusinessPodcast #EducationFunding #StudentCosts #NonDegreeTraining #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna break down how room and board costs work with 529 plans. They explain the critical distinction between on-campus and off-campus housing, the cost-of-attendance cap, and what happens if you withdraw more than the official budget. Using real examples from two universities, they walk listeners through the documentation trap that can turn a qualified withdrawal into a taxable one. They also discuss how the rules differ for students living at home versus in apartments, and why meal plans and rental receipts both matter. If you're funding a child's housing with 529 money, this episode covers the specific IRS rules you need to know before you write that check. #529Plans #RoomAndBoard #CollegeSavings #QualifiedExpenses #CostOfAttendance #IRS #OnCampusHousing #OffCampusHousing #MealPlans #FinancialAid #HousingCosts #EducationFunding #TaxRules #Fexingo #CollegeSavingsPodcast #PersonalFinance #StudentExpenses #529Withdrawals Keep every episode free: buymeacoffee.com/fexingo

Episode 21 of The College Savings Podcast tackles a creative and tax-efficient use of 529 plans: helping fund your child's wedding. Lucas and Luna break down how the SECURE Act allows up to $35,000 in 529 funds to be rolled into a Roth IRA for the beneficiary, and how that same account can later help with a down payment on a first home. They walk through a real example: a couple who used leftover 529 savings to cover a wedding venue and a subsequent Roth IRA rollover. The hosts also explain the gift tax implications, the five-year election strategy, and why this approach works best for families who over-saved or whose children earned scholarships. Specific numbers include the $16,000 annual gift tax exclusion for 2026 and the $35,000 lifetime Roth rollover cap. Listeners will learn one concrete strategy they can mention to a financial advisor tomorrow. #529Plan #WeddingGift #RothIRA #SECUREAct #CollegeSavings #GiftTax #FinancialPlanning #FamilyFinance #TaxStrategy #DownPayment #HomeBuying #StudentLoans #Parenting #MoneyTips #Podcast #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore a frequently overlooked question: can 529 plan funds be used for international universities and study abroad programs? They walk through the specific rules set by the IRS and the Department of Education, including how foreign schools qualify as eligible institutions, what expenses are covered for study abroad semesters, and the tax implications of currency exchange and foreign bank accounts. The hosts discuss a concrete example of a student attending the University of Oxford and break down the $95,000 annual cost versus typical 529 plan distributions. They also address the key differences between direct enrollment abroad and third-party study abroad programs, and highlight the importance of checking an international school's federal school code before assuming 529 eligibility. The episode closes with a discussion of how families can strategically use 529 plans for global education, including tips on coordinating with scholarships and foreign tax treaties. #529Plan #InternationalEducation #StudyAbroad #CollegeSavings #FexingoBusiness #BusinessPodcast #FinancePodcast #EducationFunding #OxfordUniversity #IRS #DepartmentOfEducation #CurrencyExchange #ForeignSchools #QualifiedExpenses #Tuition #RoomAndBoard #Scholarships #GlobalEducation Keep every episode free: buymeacoffee.com/fexingo

Online degrees are booming, but many families don't realize how 529 plans cover them. Lucas and Luna break down the rules: which online programs qualify, how to handle tuition reimbursement from employers, and the tax implications. They use a real example of a student at Arizona State University's online campus to show how to avoid penalties. Plus, they discuss the new flexibility for part-time enrollment and how to document expenses. If you're saving for college in a 529 and considering online classes, this episode gives you the specific rules you need to know. No fluff, just the details that matter for your savings strategy. #529Plans #OnlineDegrees #CollegeSavings #EducationFunding #TaxPlanning #FinancialAid #ArizonaStateUniversity #QualifiedExpenses #IRS #StudentLoans #PartTimeEnrollment #TuitionReimbursement #EmployerBenefits #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #EducationSavings Keep every episode free: buymeacoffee.com/fexingo

Episode 18 of The College Savings Podcast explores how grandparents can use 529 plans to help fund a wedding without triggering gift tax or financial aid penalties. Lucas breaks down the 529-to-IRA rollover loophole that lets unused wedding savings become retirement funds, and Luna questions whether a 529 plan is really better than a simple UTMA account for this purpose. They walk through a concrete scenario: a couple saving $10,000 per grandchild per year, married over five years, with a 75% chance the wedding fund will be fully used. The episode also covers the recent SECURE 2.0 rule changes that make 529 plans more flexible for non-education expenses, and the risks of overfunding if the grandchild doesn't marry. Practical advice for grandparents thinking about multigenerational gifting. #529Plan #WeddingGift #GrandparentStrategy #GiftTax #SECURE2.0 #RothIRA #UTMA #EstatePlanning #FamilyFinance #CollegeSavings #FexingoBusiness #BusinessPodcast #WealthTransfer #GenerationalWealth #TaxStrategy #FinancialPlanning #RetirementSavings #WeddingPlanning Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna break down a frequently overlooked scenario: what happens when a student wins a scholarship or merit-based aid that reduces their qualified education expenses. They walk through the IRS rules on penalty-free withdrawals, the tricky timing of the scholarship offset, and how to avoid double-paying taxes. Using a real-world example of a $30,000 academic scholarship at a state university, they show how a family can pull out exactly the right amount from a 529 plan without triggering the 10% penalty. They also cover the interaction with the American Opportunity Tax Credit and why the order of operations matters. Plus, a brief note on how Fexingo stays ad-free with listener support at buy me a coffee dot com slash fexingo. A must-listen for any family with a 529 plan and a high-achieving student. #529Plan #ScholarshipStrategy #MeritAid #CollegeSavings #Section529 #QualifiedExpenses #10PercentPenalty #IRS #AOTC #AmericanOpportunityTaxCredit #FinancialAid #EducationFunding #TaxPlanning #FexingoBusiness #BusinessPodcast #Finance #StudentCosts #CollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 16 of The College Savings Podcast explores how grandparents can use 529 plans to reduce their taxable estate while funding a child's education. Lucas and Luna break down the annual gift tax exclusion of $18,000 per beneficiary in 2026, and the special five-year front-loading rule that lets a grandparent contribute up to $90,000 in a single year without triggering gift taxes. They walk through a concrete example: a couple contributing $180,000 to a grandchild's 529 in one year, and the IRS Form 709 they'd need to file. They also address the nuance of the five-year election and what happens if the grandparent dies before the full five years have passed. The episode ties this back to state tax deductions where available, and gives listeners a clear sense of when this strategy makes sense — and when it doesn't. #529Plan #GiftTax #EstatePlanning #Grandparent #CollegeSavings #EducationFunding #TaxStrategy #AnnualExclusion #FrontLoading #IRS #Form709 #FexingoBusiness #BusinessPodcast #Finance #WealthManagement #FamilyFinance #TuitionPlanning #TaxSavings Keep every episode free: buymeacoffee.com/fexingo

In this episode of The College Savings Podcast, Lucas and Luna explore a surprising new use for 529 plans: saving for a down payment on a first home. With the SECURE 2.0 Act allowing penalty-free rollovers from 529 plans to Roth IRAs, and a handful of states now extending 529 benefits to include home buying, we break down the strategy, the tax implications, and the risks. Lucas explains how a family in Ohio or Pennsylvania might use a 529 as a dual-purpose vehicle—college savings that can pivot to a down payment if their child doesn't need the full balance. Luna asks the practical questions: what about the penalty if you withdraw for a non-qualified expense? And when does this actually make more sense than a standard savings account? Tune in for a concrete look at how families are repurposing education savings in light of evolving regulations. #529Plan #FirstTimeHomeBuyer #DownPayment #SECURE2Act #RothIRA #CollegeSavings #StudentLoan #QualifiedExpense #TaxPenalty #StateTaxCredit #Ohio #Pennsylvania #PersonalFinance #HomeBuying #FexingoBusiness #BusinessPodcast #Finance #WealthBuilding Keep every episode free: buymeacoffee.com/fexingo

Most families think 529 plans are only for four-year college tuition. But in 2026, trade schools, apprenticeships, and certificate programs are all qualified expenses. Lucas and Luna walk through the rules, the savings potential, and a real-world example: a Cleveland plumbing apprentice saving $8,000 in tax-advantaged growth over two years. They also cover the $10,000 lifetime limit for apprenticeship costs, how to document expenses for the IRS, and why this strategy is underused. If today's episode helped you see a new path for education funding, consider supporting the show at buy me a coffee dot com slash fexingo. #529Plans #TradeSchool #Apprenticeships #EducationFunding #SkilledTrades #CollegeSavings #QualifiedExpenses #IRS #TaxAdvantaged #PlumbingApprentice #Cleveland #Carpentry #Welding #CertificatePrograms #Finance #FamilyFinance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore how families can pair a 529 plan with an ABLE account to save for a child with disabilities without jeopardizing Medicaid or SSI. They break down the $18,000 annual contribution limit, the 529-to-ABLE rollover of up to $16,000 per year, and the key difference: ABLE accounts don't count as assets for means-tested benefits. Using a real example of a family in Ohio, they show how to coordinate both accounts for maximum tax advantage and benefit protection. Episode 13 of The College Savings Podcast with Fexingo. #ABLEAccount #SpecialNeedsPlanning #529Plan #CollegeSavings #DisabilityBenefits #Medicaid #SSI #Section529A #TaxAdvantagedSaving #EstatePlanning #FinancialAid #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #EducationFunding #Ohio #BenefitEligibility Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna unpack the little-known 'kiddie tax' rule that can turn a 529 plan withdrawal into a surprise tax bill when the beneficiary has unearned income. They walk through the IRS threshold for 2025 ($2,600), explain how the Tax Cuts and Jobs Act changed the rules, and share a real-family scenario where a student's summer internship plus a 529 distribution triggered the tax. The episode also covers the 'parental election' loophole that can save families thousands, and ends with a practical checklist for financial advisors and parents before the first withdrawal. Perfect for anyone funding college through a 529 or advising families on education planning. #KiddieTax #529Plans #CollegeSavings #TaxPlanning #IRS #TaxCutsAndJobsAct #UnearnedIncome #FinancialAid #EducationFunding #ParentalElection #StudentTaxes #SummerInternship #TaxBracket #CapitalGains #FexingoBusiness #BusinessPodcast #Finance #CollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo