It’s no wonder that so many people are using 529 plans to save for college. A 529 savings plan offers a unique combination of features that are hard to find in other education-savings vehicles.
But is this savings plan right for you?
In this episode of The Retirement Guy Podcast, Gary Alden shares his knowledge about the 529 savings plan and discusses the most important things to keep in mind
when deciding whether to use this savings vehicle.Related: How to Choose Which Medicare Plan Is Best for You
In this episode, you’ll learn: About the tax advantages of using a 529 savings plan About using your 529 savings plan in another state or country What the tax implications are if you spend the money in your 529 plan on expenses other than tuition The minimum contribution you can make to your plan And more!
Tune in now and find out how to select the right choice for you and your family!
Resources: Kingwood Investment Group