Podcasts about 529 plans

Welcome to "Ahead in the Count," presented by BIP Wealth. Our Baseball Division combines their collegiate and professional baseball playing experience with financial acumen to provide expertise in life on and off the field. We aim to give ballplayers and their families a better understanding about their unique lifestyle, the opportunities that come from playing this game, and insight into the complex financial world. This is "Ahead in the Count," hosted by Nolan Alexander, from BIP Wealth. Key Topics Covered with Chief Investment Officer Eric Cramer: Economic Update & Market Analysis Recent employment data revisions and their economic implications Federal Reserve interest rate policy and anticipated cuts in September Impact of tariff policies on inflation and market performance Strong second-quarter market performance across global markets Financial Planning for Athletes Unique challenges facing young baseball players with significant early-career earnings Why traditional financial planning timelines are accelerated for professional athletes The importance of maintaining long-term investment strategies despite market volatility Risk tolerance assessment for younger, high-income earners Advanced Tax Strategies: 529 Plans Deep Dive Expanded uses beyond college tuition (K-12, vocational training, professional credentials) Strategic funding techniques, including the 5-year gifting rule Multi-generational wealth transfer strategies using 529 plans Converting 529 assets to Roth IRAs for additional flexibility Real-world examples of tax-free compounding over multiple decades Estate Planning Updates New higher estate tax exemption limits Long-term wealth preservation strategies for high earners Multi-generational investment planning considerations Please like, subscribe, and rate this podcast episode of Ahead in the Count! To contact the hosts, send an email to jhester@bipwealth.com, kschmidt@bipwealth.com, cmurray@bipwealth.com, or jhermida@bipwealth.com

Your 529 plan just got a serious upgrade—and if you're a parent, grandparent, homeschooler, or working professional, you'll want to hear this. Nic and Alex join forces again today to go through some new rules for 529 plans following the passage of the One Big Beautiful Bill. Starting as soon as July 2025, the list of what counts as a “qualified education expense” is expanding dramatically. That means more flexibility and better use of your tax-advantaged dollars! Highlighted Changes to 529s: Expanded coverage for K–12 expenses beyond just tuition A new $20,000 annual withdrawal limit starting in 2026 What this means for homeschoolers, dual enrollment, and standardized testing How professionals (yes, even CPAs and realtors) can now use 529 funds for career development   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com Hosts: Nic Daniels & Alex Lundgren

5 to 9 Things You Don't Know About 529 Plans with Chris Stack Hosts Brad Wright and Kevin Williams are joined by attorney and consultant, Chris Stack. -Chris is managing consultant, Savingforcollege.com, is a nationally recognized 529 authority and experienced in educational finance. An attorney for over 30 years, licensed in New York & Pennsylvania, Chris has experience in finance, investments and law relating to tax advantaged products, including Section 529, since it became federal law in 1996. - He has been credited for actively and successfully initiating, advocating and assisting in the 2022 federal tax law changes allowing for “leftover” 529 funds to be transferred to a Roth IRA. He's also assisted several states and plan managers implementing their 529 investment plans that now service over $20B in assets. -Currently, Chris advises and consults with sponsoring state agencies, program managers and investment companies, and presents nationally to financial advisors, accountants, and attorneys on 529 plans. They discuss: -The effects of the Big Beautiful Bill on 529 plans -How to choose the right 529 plan -Rules around converting leftover 529 funds to a Roth IRA -Why 529 accounts should be considered as part of any estate plan For more on Saving For College: Savingforcollege.com To contact Chris: cstack@savingforcollege.com

With the new Trump Accounts now in the mix, is a 529 plan still the best account for college expenses? Have a money question? Email us ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jill on Money LIVE⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jill on Money Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ "Jill on Money" theme music is by Joel Goodman, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.joelgoodman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discusses potential changes to 529 plans if the proposed “Big Beautiful Bill” passes. They outline how the bill aims to expand the flexibility and allowable uses of 529 funds, making these education savings accounts more adaptable to a broader range of educational and financial goals. The conversation focuses on how the updates could affect how families plan for education expenses, including potential new options for using leftover funds. — Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind. Stay Connected With Us: Podbean: findingtruewealth.podbean.com YouTube: / @peakwealthmgmt Apple: rb.gy/1jqp6 (Trust the Plan Podcast) Facebook: Facebook.com/PeakWealthManagement Twitter: Twitter.com/nhopwood1 www.peakwm.com

In this episode, Justin and Jared discuss why they think 529 plans are overrated. We discuss the 529 to Roth rollover provision, the state income tax deduction, and the tradeoffs and benefits of locking funds into an account earmarked for education funding. For more information and show notes visit: https://www.bwmplanning.com/post/107Connect With Us:Facebook - https://www.facebook.com/BrownleeWealthManagement/?ref=py_cLinkedin - https://www.linkedin.com/company/brownlee-wealth-management/Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.

Welcome to July! In this episode, Art provides some summer money moves to make this month. Plus, he answers a listener's question about saving for college and the top-rated 529 Plans out there. Don't miss it!Resources:8 Money MilestonesMy Church Staff: StewardshipAsk a Money Question!

We're taking you inside the So Money Members Club for an exclusive workshop Farnoosh hosted recently on one of the most urgent financial topics for families: saving for higher education, with a deep dive into the world of 529 college savings plans. This workshop features Patricia Roberts, a leading expert and author on the topic, who brings both professional and personal insight to the conversation. Patricia is the author of the newly updated Route 529.What you're about to hear is the full workshop presentation—but what you won't hear is the rich Q&A we had at the end, just for members. That's one of the many perks of joining the So Money Members Club—a private, tight-knit community curated and run entirely by me. Not an assistant, not a bot—just me, guiding you through live monthly workshops, office hours, and deeper discussions around money, work, and life.Membership also includes full access to our growing library of workshop recordings and commercial-free episodes of this podcast.If that sounds like something you'd love, visit SoMoneyMembers.com to learn more and join us.

Download Farnoosh's Free Investing Blueprint to learn how to begin investing for your future. Learn more about her So Money Members Club.In this week's Ask Farnoosh, Farnoosh kicks off with a look at key economic headlines—from McDonald's reporting a drop in customer traffic to new signs the U.S. economy may be cooling, including a GDP contraction and a spike in jobless claims. She also reflects on a powerful story shared by comedian Zarna Garg about how her family handled job loss during the pandemic, and why honesty with kids during financial stress can build resilience.Then, Farnoosh answers three listener questions:Elizabeth is considering a new role at a worker cooperative with a significantly lower salary. Farnoosh walks through what questions to ask about co-op structures, how to weigh values vs. pay, and whether the trade-off is worth it.A listener worried about market volatility asks how to protect their 529 college savings plan over the next 10 years. Farnoosh shares practical strategies for adjusting investment risk and preserving growth potential.A Canadian teacher in her 30s feels stuck—financially overwhelmed, burned out, and unsure how to move forward. Farnoosh offers actionable steps to regain control, find short-term wins, explore alternate income streams, and shift mindsets around job security and reinvention.Plus, a reminder to check out this week's earlier episodes with Rachel Rodgers (raising financially confident kids) and Heather Zack (estate planning 101).

The Financial Guys' Michael Shaver on the market's affect on 529 plans full 187 Tue, 08 Apr 2025 07:57:49 +0000 wWokqUcS2kuDHgfQmADNUj7sxCwU8mZl news & politics,news WBEN Extras news & politics,news The Financial Guys' Michael Shaver on the market's affect on 529 plans Archive of various reports and news events 2024 © 2021 Audacy, Inc. News & Politics News False https://player.amperwa

Jim and Chris sit down to discuss listener questions relating to Social Security, 529 plans, Fun Vision, and Annuities. (Intro – 12:00) Chris provides a Social Security PSA. (19:00) A listener wonders whether her husbands Social Security benefits have been getting a COLA since his passing or if they've been frozen. (26:00) A listener wonders […] The post Social Security, 529 Plans, Fun Vision, and Annuities: Q&A #2509 appeared first on The Retirement and IRA Show.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3039: Harry N. Stout explains the two types of 529 Plans, college savings plans and prepaid tuition plans, along with their benefits, potential drawbacks, and flexibility in case of changing circumstances. Understanding these plans can help families make informed financial decisions while balancing college savings with long-term financial security. Read along with the original article(s) here: https://www.financialverse.com/post/savings-tax-breaks-for-middle-america-529-plans Quotes to ponder: "Funds in a 529 Plan grow federal tax-free and will not be taxed when the money is withdrawn for qualified education expenses." "There are a myriad of situations that can arise in the future such as the death of a child, the receipt of full academic or athletic scholarships, or the receipt of employer educational assistance." "Your child can take out a loan for school, you however cannot take out a loan for your retirement." Episode references: Saving for College: https://www.savingforcollege.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3039: Harry N. Stout explains the two types of 529 Plans, college savings plans and prepaid tuition plans, along with their benefits, potential drawbacks, and flexibility in case of changing circumstances. Understanding these plans can help families make informed financial decisions while balancing college savings with long-term financial security. Read along with the original article(s) here: https://www.financialverse.com/post/savings-tax-breaks-for-middle-america-529-plans Quotes to ponder: "Funds in a 529 Plan grow federal tax-free and will not be taxed when the money is withdrawn for qualified education expenses." "There are a myriad of situations that can arise in the future such as the death of a child, the receipt of full academic or athletic scholarships, or the receipt of employer educational assistance." "Your child can take out a loan for school, you however cannot take out a loan for your retirement." Episode references: Saving for College: https://www.savingforcollege.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3039: Harry N. Stout explains the two types of 529 Plans, college savings plans and prepaid tuition plans, along with their benefits, potential drawbacks, and flexibility in case of changing circumstances. Understanding these plans can help families make informed financial decisions while balancing college savings with long-term financial security. Read along with the original article(s) here: https://www.financialverse.com/post/savings-tax-breaks-for-middle-america-529-plans Quotes to ponder: "Funds in a 529 Plan grow federal tax-free and will not be taxed when the money is withdrawn for qualified education expenses." "There are a myriad of situations that can arise in the future such as the death of a child, the receipt of full academic or athletic scholarships, or the receipt of employer educational assistance." "Your child can take out a loan for school, you however cannot take out a loan for your retirement." Episode references: Saving for College: https://www.savingforcollege.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. Friday explains the benefits of 529 savings plans, including the ability to contribute five years’ worth of gifting at once. She highlights how these funds can grow tax-free for future educational expenses. Transcript: G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. A 529 plan. That is something that I find is great if you happen to have a fairly big family or some very nice grandparents. One of the laws that they’ve passed is that you can actually give up to five years’ worth of gifting into a 529 in one year. So, for example, if it’s $17,000—this year’s actually $18,000—but let’s say they want to give five years’ worth or $85,000. They could do it all at once, not worry about the gifting laws, and put it into that 529 to grow for later, for where your children are going to go to school. Very important. These funds can even be used for secondary or even preschool if necessary. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Discover everything you need to know about 529 plans—how they help fund education, provide tax benefits, and act as a wealth transfer tool. Join Miguel Gonzalez, CRC, for insights that can impact your family's future.Cortburg Retirement Advisors is a boutique financial planning firm committed to helping you grow, protect, and preserve your assets from your first job to retirement. We specialize in wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning to navigate any economic climate.Miguel Gonzalez, a Retirement Specialist with 20+ years of experience, offers expertise in retirement income planning, investment management, and retirement plan design. With an MBA from Columbia Business School, and professional experience with JP Morgan Chase, Merrill Lynch, and more, Miguel is a trusted advisor for his clients.#529Plans #CollegeSavings #TaxFreeSavings #FinancialPlanning #RetirementPlanning #EducationSavings #WealthTransfer #TaxBenefits #ParentingFinance #GrandparentGifting #RothIRA #InvestmentPlanning #AffluentFamilies #SavingsStrategy #EducationFunding #TaxAdvantagedAccounts #FuturePlanning #MoneyManagement #FamilyWealth #CortburgAdvisorsWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

If you or your child is in college, don't miss out on valuable education tax credits! To qualify, you need Form 1098-T, which details tuition payments, scholarships, and grants. Additionally, if you have a 529 plan, make sure all distributions are properly reported. Education expenses like housing and meals may also be deductible. Need assistance? Call Dr. Friday at 615-367-0819. Transcript: G'day, I'm Dr. Friday, president of Dr. Friday's Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. When preparing your tax forms, don't forget about college expenses! Many people qualify for education tax credits, but you'll need Form 1098-T to claim them. This form shows how much tuition was paid, as well as grants and scholarships received. If you have a 529 plan, ensure you report the distributions correctly. Keep in mind that while tuition is covered, housing, food, and other education-related expenses may also be deductible. Need help? Give us a call at 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday discusses the benefits of 529 college savings accounts for gifting and tax-free growth. Each year, contributions up to $18,000 are considered gifts, which grow tax-free and can be used for education expenses. Start investing in your children's or grandchildren’s future while enjoying significant tax advantages. Transcript: G’day, I’m Dr. Friday, President of Dr. Friday’s Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one-minute moment. Maybe you’re thinking about helping out the kids or the grandkids usually and it’s called a 529 college savings account. The IRS looks at this as basically every year you can contribute up to eighteen thousand dollars and they consider it gifting. So that way then every year that money gets put in you do as the person giving the gift it’s taxable income if you haven’t already paid tax on that money. But the person receiving it the child the fund is going to grow tax-free they can use it for college or for other things but mostly for college and that way you’re gonna save tax dollars they’re gonna have a growing tax-free which will put more money in their pocket. 615-367-0819. You can catch the Dr. Friday call-in show live every Saturday afternoon from 2:00 p.m. to 3:00 p.m. on Fox News. 2 to 3 p.m. right here on 99.7 WTN.

Questions? Thoughts? Send a Text to The Optometry Money Podcast!Evon provides optometrists a deep dive into 529 plans and other methods of saving and paying for your kids' college costs.He dives into the rules of how 529 plans work, the federal and state tax benefits of using 529 accounts, how to use the funds in the account, creative planning opportunities for 529 plans, the use of taxable investment accounts in preparing for your kids' college. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. Resources mentioned on this episode:IRS 529 Plans: Questions and AnswersEducation Data - College Tuition Inflation RateEducation Data - Average Costs of Tuition & CollegeSaving For College - Federal School Code Lookup ToolThe Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

Jim and Chris sit down to answer listener questions related to Social Security, 529 Plans, and SPIA payments… (6:30) A listener wonders if they will be subject to the Social Security earnings test. (14:30) The guys weigh in on if/how a Roth conversion would impact an IRMAA appeal. (30:30) Chris answers whether there is a […] The post Earnings Test, IRMAA, Survivor Benefits, 529 Plans, and SPIAs: Q&A #2447 appeared first on The Retirement and IRA Show.

In this episode, we're diving into the often-overlooked tax benefits of 529 plans. Most people know that 529 plans can help cover college expenses, but there are other valuable perks beyond just tuition savings.  From paying down student loans to making the most of tax deferral advantages, this episode breaks down five key tax benefits you may not be aware of. Let me help you maximize the potential of your 529 plan.  You will want to hear this episode if you are interested in... [1:39] What are 529 plans?  [3:04] Repaying student loans [4:14] Covering K-12 expenses [5:20] Tax deferral  [8:10] Roth conversion [12:40] Potential state tax deductions Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel How To Complete a Fidelity 529 To Roth IRA Rollover 6 Ways To Use An Old CHET 529 Plan Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan

Lisa Foshee, is the Senior Vice President of Government Affairs and General Counsel. She provides an update on the Repair Act, detailing its trajectory and legislative hurdles. She also sheds light on the association's workforce initiatives and highlights the importance of technician training for the industry's future.Find the Auto Care Association here00:00 Discussing The AAPEX Show, elections, and Repair Act.05:43 Plan reintroduce bill, gather co-sponsors, assess control.06:39 Strategizing Repair Act introduction in Senate.11:18 Concern over delayed legislation affecting industry control.13:36 Excited for technician training, workforce initiative progress.16:21 2025 tax law changes impact retailers universally.20:06 Subscribe, share, review, follow us everywhere! Learn more about how Shop Controller can make your shop more efficient HERE

Clark discusses the societal changes in how college costs are trending now, the existing burden of student loan debt, and the best way to save in a 529 Plan. Also today, Clark has news on the car insurance front. The cycle has turned. Brace for good news and know how to make the most of it. How To Choose A 529 Plan: Segment 1 Ask Clark: Segment 2 Auto Insurance Update: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Best 529 College Savings Plans By State How To Save Money With Google Flights Roth vs. Traditional 401(k): What's the Difference? How to Shop for Lower Car Insurance (Clark.com) How Can I Find Out Why My Credit Score Just Dropped? What Is a Good Credit Score? Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Join us on "Purposeful Planning" as we explore the robust benefits of 529 plans for education funding. Whether you're a parent or grandparent, discover how these tax-advantaged accounts can support your student's educational journey from K-12 to college and beyond while offering you significant estate and tax planning advantages. Sources: https://www.aspenwealthmgmt.com/resource-center/blog/what-you-need-to-know-about-529-plans https://www.usbank.com/financialiq/manage-your-household/pay-for-education/using-529-plans-for-k-12-school-tuition.html https://www.savingforcollege.com/article/can-you-use-a-529-plan-to-pay-for-study-abroad https://www.savingforcollege.com/article/10-rules-for-superfunding-a-529-plan https://www.irs.gov/forms-pubs/about-form-709 https://www.usnews.com/education/best-colleges/paying-for-college/articles/what-to-know-about-paying-student-loans-with-529-plan-funds https://www.fidelity.com/learning-center/personal-finance/529-rollover-to-roth https://www.aspenwealthmgmt.com/resource-center/blog/fafsa-changes-2024-25/ https://www.aspenwealthmgmt.com/resource-center/smart-tips-for-529-plans The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice. This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting, the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm's recordings. Hosted on Acast. See acast.com/privacy for more information.

School is back in session! In this week's episode, we will discuss the benefits and limitations of 529 plans. It is never too early or late to build a financial plan that supports lifelong learning for your children, grandchildren, and yourself. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

College savings plans have become even more valuable with recent changes. While 529 savings plans have traditionally been used to set aside money for education, they now offer even greater flexibility. Joining me is Dr. Edmund H Moore, a retired federal government worker and parent of two college-aged students. He provides his personal insights into navigating these plans for his own family. 529 plans have long been hailed as one of the best ways to save for your child's college education. These state-sponsored investment accounts offer tax-free earnings and withdrawals that can be used for a variety of educational expenses, from tuition and books to computers. However, the landscape of 529 plans has significantly evolved, especially with the recent 2024 policy change allowing funds to be rolled over into Roth IRA accounts without tax penalties. Dr. Edmund H. Moore is the author of the book “Financial Freedom: Doing Nothing Is an Option,” which challenges the traditional narrative around building wealth and achieving financial independence. The book offers readers a refreshing perspective on how to achieve financial freedom without sacrificing one's quality of life.

Could your children or grandchildren's 529 plan be the key to their future retirement success?  In this insightful episode of Life Unlimited, host Larry Heller, CFP®, CDFA®, explores the new provisions of the Secure 2.0 Act that allow 529 plan rollovers to Roth IRAs. Larry outlines the conditions and strategic benefits of this new rule, … Read More Read More

This episode discusses various financial topics, including market updates, strategies for selling covered calls to create income on large stock positions, estate planning considerations, capital gains tax implications, and the flexibility of 529 plans for education savings. Chad provides insights on the pros and cons of different financial strategies, such as transferring funds from 529 plans to Roth IRAs and the importance of considering risk versus tax savings when making financial decisions. Additionally, the episode touches on the evolving landscape of education and the potential need for reevaluation of traditional college education in light of changing job markets and specialized training opportunities. Timestamps: [00:02:36] Market update and Fed day. [00:04:25] Small cap companies and interest rates. [00:10:26] Covered calls for income. [00:11:52] Selling covered calls for income. [00:17:09] Selling calls for current income. [00:22:05] Capital gains tax rates. [00:23:23] Tax implications of stock sales. [00:28:27] 529 plans basics. [00:30:14] Maximizing 529 Plan Benefits. [00:35:34] Changing landscape of college education. [00:38:13] Specialized Training in Financial Planning. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

Today we're continuing our discussion on comparing 529 college savings plans with other alternatives that parents might want to consider. In this episode, we delve into less traditional options such as Coverdell Education Savings Accounts (ESAs), prepaid tuition plans, custodial, and general investment accounts.We'll explore the benefits and drawbacks of each, helping you make informed decisions on the best ways to save for your children's education.Make sure to check out previous episodes (210, 211, and 241) for detailed insights on 529 plans, Roth IRAs, and real estate options. Join me in navigating the various paths to securing your child's educational future.Remember, you are the boss of your money!Anna's Takeaways:Intro (00:00)529 Accounts For K-12 Education Expenses With Pros & Cons (04:02)Prepaid Tuition Plans & Their Benefits (08:29)Custodial Accounts For College Savings (15:33)College Savings Options (21:04)Rate, Review, & Follow on Apple PodcastsMoney Boss Parents! Welcome to Anna's Money Boss Parent podcast, your go-to resource for mastering money management while raising a family. Join me as we explore practical tips, expert insights, and inspiring stories to help you achieve financial success and create a brighter future for your loved ones. Don't forget to subscribe, rate, and review the show to support our mission of empowering parents like you to take charge of their finances and build a prosperous life for their families. Let's thrive together on this incredible journey!FREE GUIDE- Kid Money Boss: School isn't teaching my son about Money. It's up to us Parents. Here are 9 tools I am using to team with my son, everything I never learned as a kid.Website & Links mentioned:Where to Open Accounts: Vanguard, Fidelity, Charles Schwab#210 – 529 College Savings Plan: Getting Started [Part 1#211 – Maximizing 529 Plans: Tax Benefits and Best Practices (Part2)

In this episode of the Money Mastery Unleashed podcast, host and certified financial advisor Adam Olson dives into the advantages and strategies associated with 529 plans, essential tools for educational savings. Adam begins by explaining the basics of 529 plans, emphasizing their flexibility and the tax benefits they offer. Listeners will learn about state-specific rules, tax deductions, and how contributions to these plans grow tax-free. Adam highlights the various qualified expenses covered by 529 plans, including tuition, room and board, and even some K-12 expenses. He also discusses recent changes allowing for $10,000 to be used for student loan repayments and the ability to roll over leftover funds into a Roth IRA. Adam offers practical advice on determining savings goals based on individual needs, the importance of selecting appropriate investment strategies, and the benefits of having grandparents contribute to these accounts. He discusses the importance of understanding financial aid implications and the expansive uses of 529 plans for vocational training and trade schools. Tune in to gain comprehensive insights into maximizing the benefits of 529 plans for your child's future education. "529 plans offer state tax deductions or credits, tax-deferred growth, and tax-free withdrawals for qualified expenses."  What you will learn: Understanding 529 Plans Tax Benefits and Qualified Expenses Savings Goals and Planning Alternative Uses and Recent Changes Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal.    Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions.  Any strategies discussed may not be suitable for everyone.  Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC.  Adam Olson, Representative.  Mutual of Omaha Investor Services is not affiliated with any entity listed herein.  This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties.  Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.

While 529 college savings plans are popular for their tax benefits and flexibility, it's worth exploring other avenues to give your family more opportunities and variety for saving for your kids' college education.Today we are looking at Roth IRAs and real estate which offer unique benefits, such as tax-free growth and potential rental income, that could provide more flexibility and financial stability for your family's future beyond college for your kids.Join me in exploring how you can diversify your savings approach and ensure a bright future for your children.Anna's Takeaways:Intro (00:00)529 College Savings Plans Drawbacks (04:03)Using Roth Iras & Real Estate For College Savings (08:14)Alternative Ways To Fund College Education (12:44)Rate, Review, & Follow on Apple PodcastsMoney Boss Parents! Welcome to Anna's Money Boss Parent podcast, your go-to resource for mastering money management while raising a family. Join me as we explore practical tips, expert insights, and inspiring stories to help you achieve financial success and create a brighter future for your loved ones. Don't forget to subscribe, rate, and review the show to support our mission of empowering parents like you to take charge of their finances and build a prosperous life for their families. Let's thrive together on this incredible journey!FREE GUIDE- Kid Money Boss: School isn't teaching my son about Money. It's up to us Parents. Here are 9 tools I am using to team with my son, everything I never learned as a kid.Website & Links mentioned:Websites Where You Can Open Accounts: Vanguard, Fidelity, Charles Schwab.#210 – 529 College Savings Plan: Getting Started [Part 1#211 – Maximizing 529 Plans: Tax Benefits and Best Practices (Part2)

In this conversation, Alex Collins discusses different strategies for funding a child's education. He explores the limitations of 529 plans and suggests alternative methods such as using real estate investments, cash value from life insurance policies, and Roth IRAs. The goal is to provide flexibility and options for funding education while also teaching children important life skills. It is important to work with professionals and consider various factors such as cash flow, liquidity, and taxes. If you would like to learn more about Quantified Financial Partners, please visit our website https://www.beerandmoney.net Takeaways 529 plans are a common choice for education funding, but they have limitations and lack flexibility. Using real estate investments can provide a multi-use dollar and teach children valuable life skills. Cash value from permanent life insurance policies can be used to fund education. Roth IRAs can also be used for higher education, but caution is needed and professional advice should be sought. It is important to consider factors such as cash flow, liquidity, and taxes when planning for education funding. Chapters 00:00 Introduction and Favorite Beer 01:29 Limitations of 529 Plans 04:44 Using Real Estate Investments 06:21 Utilizing Cash Value from Life Insurance Policies 09:43 Considering Roth IRAs for Higher Education 11:15 Factors to Consider in Education Funding 14:17 Importance of Flexibility and Professional Advice 15:51 Encouragement for Questions and Feedback 16:10 Closing Remarks

Pope Francis has apologized for something he said in a private meeting at the Vatican. According to Italian media, in a closed-door meeting with Italian bishops, the pontiff said seminaries had too many gay men, referring to them using a a homophobic slur.First on "CBS Mornings," three passengers are suing American Airlines, alleging that employees removed all Black men from a flight over a body odor complaint. The incident is detailed in a newly-filed lawsuit. The men shared their story first with CBS News senior transportation correspondent Kris Van Cleave.Wednesday is May 29, which is also known as "529 Day," aimed at raising awareness about 529 college savings plans. CBS News business analyst Jill Schlesinger explains how you can take advantage of government programs for education.American's sunscreen selection is limited, compared to other places in the world, like parts of Europe and Asia. A 1938 U.S. law classifies sunscreen as a drug, rather than as a cosmetic, and requires animal testing. The law keeps foreign brands off U.S. shelves and limits sunscreen makers. The Environmental Working Group says, on average, U.S. sunscreens don't protect as well from UVA rays, which can cause skin cancer.Philanthropist Melinda French Gates is donating $1 billion over the next two years to help women's rights, including reproductive rights. A nonprofit independent news outlet called "The 19th" will receive a multi-million dollar donation. Its co-founder and CEO, Emily Ramshaw, discusses the donation on "CBS Mornings."Next month marks 30 years since Nicole Brown Simpson was found murdered outside her Brentwood, California, home. Her three sisters are speaking out in a new four-part documentary series, "The Life and Murder of Nicole Brown Simpson."See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

It's that time of year when high school seniors are committing to their colleges for the fall, so it's an exciting season—until we get those financial aid packages that can put a damper on the excitement. When families don't get a lot of help in the financial aid department, it becomes a big conversation about how to pay for the expected family contribution. Today, I'm going to talk about 529 plans and how they can help you prepare for those big expenses. You can access the full show notes and more by visiting: https://www.forgewealth.com

On this week's episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Wealth Advisor Patrice Bening to discuss planning for your child's education with 529 plans, state-specific rules, and how to maximize benefits. Here are some key takeaways from their conversation:-          In California, 529 plan funds that are used for kindergarten through 12th grade private school tuition incur taxes and penalties.-          Up to $10,000 from a 529 plan can be used for student loan payments, but this is a lifetime limit.-          $35,000 of unused 529 funds can be rolled over (over several years because the annual contribution limit is $7,000 per year) into a Roth IRA for the beneficiary, with conditions:o   The 529 must be open for at least 15 years o   Contributions made in the last five years are not eligible for rollovero   Beneficiary must have earned income-          529 funds can be used for tuition, mandatory fees, computers, books, supplies, and room and board, but specific rules apply. They can also cover food and groceries if the child lives off-campus, adhering to the university's specifications.-          Parents can use 529 funds to pay rent for a home they own and rent to their child, but the rent must be comparable to on-campus housing prices, the income is taxable, and the child can no longer be declared dependent on their parents and must have their own health insurance.-          529 funds can be used to pay for off-campus housing if the amount doesn't exceed what the school charges for on-campus housing.

Today, I'm joined by my friend, points-earning expert Dr. Andrea Mabry. She's here to show you exactly how to earn points by paying off your student loans or by paying for your kid's education. This is taking one of your biggest expenses and leveraging it to earn more points, and Andrea's here to show us how to make this part of a financially responsible points strategy.   Discover how to earn tons of points for expenses you already have: student loans or paying for your child's education. You can't use your cards to pay directly towards student loans or a 529 plan, but Andrea is sharing an amazing workaround to earn points from fulfilling these huge expenses.   Get full show notes and more information here: https://points.pointmetofirstclass.com/blog/paying-student-loans-529-plans-dr-andrea-mabry   Join the waitlist for Points Made Easy here: https://www.pointmetofirstclass.com/pointsmadeeasy

How do you make your college application and essay stand now that AI can influence how application materials are generated and screened? Hear from Nancy Steenson, a college admissions coach, as she joins the podcast and host John Bryson to offer tips for students and parents as they navigate today's college admissions environment. Nancy explores how admissions officers are factoring in standardized test scores, grades, essays, extracurricular activities, and interviews differently than they had been just a few years ago. She also explains how admissions officers at the most selective schools may assess application materials differently than their peers at less selective colleges. Among the pieces of advice that she shares: standardized test scores still matter; grade-point average standards can vary widely from high school to high school; and don't get fooled into thinking grammar is just as important as personal voice in an essay.

In this insightful episode of "The Patti Brennan Show," Patti delves into a common yet crucial question: "Where should my next dollar go?" Whether you're navigating surplus cash flow, pondering retirement contributions, or considering the implications of after-tax investments, Patti provides valuable guidance tailored to your unique financial goals. From establishing emergency funds to exploring investment options like Roth conversions and 529 plans, Patti's expertise empowers listeners to make informed decisions and secure their financial futures. Don't miss out on this illuminating discussion that can transform the way you approach your finances.    

Apr 29, 2024 – What are the most important things to consider when planning for college and what are the various ways to do so? In today's Lifetime Planning episode of the Financial Sense Newshour, Jim Puplava speaks with Mark Kantrowitz...

Have you started saving for your child's college education yet -- or are you overwhelmed with where and how to start? Well, you are NOT alone. You may have heard about '529 plans'... Is it the right path to take? Are there some things you can do to maximize savings for your child? Do taxes come into play? Nicole gets all the information and answers you need on this topic with Mark Kantrowitz. He's one of the national experts on college savings, education tax benefits, student financial aid, scholarships and student loans. (Mark has even testified before Congress and federal/state agencies about student aid on several occasions too!) So whether your child was just born or has a year left of high school, or if you're a grandparent who wants to help contribute to your grandchildren's future -- don't let this informative conversation pass you by! ----------------------------------------------------------------SHOW NOTES:Host: Nicole Nalepa | @NicoleNalepaTVGuest: Mark Kantrowitzhttp://www.kantrowitz.com/kantrowitz/mark.html

Ever wondered who can open a 529 college savings plan and reap the benefits of tax-free growth for education costs? In this episode, Jessica and Brandon peel back the layers of this powerful tax advantaged savings tool. They dive into the recent changes that make 529 plans more flexible than ever, illustrating how they can be a game-changer for your family's educational funding—whether it's for a traditional college route or alternative educational paths, like vocational school. Getting a head start on college savings isn't just a nice idea; it's a strategic move that can define your child's educational opportunities. Tune in for a wealth of knowledge that could transform the way you approach saving for education.If you'd like to leave us a question to be answered during future episodes, you can do so at Speakpipe. You can email us at: thesugardaddypodcast@gmail.comBe sure to connect with us on InstagramLearn more about Brandon, and Oak City FinancialSchedule 30 minutes with Brandon Please remember to subscribe, rate, and review.Notes from the show:Investopedia: 529 Plans

To learn more about these topics or access the previous episode Katherine mentioned, check out these hand selected posts:Roth IRAs for Doctors Podcast: https://mdfinancialadvisors.com/money-minutes-for-doctors/roth-iras-podcast?rq=Roth%20IRA 529 Plans Podcast: https://mdfinancialadvisors.com/money-minutes-for-doctors/529-day-podcast?rq=529SECURE Act 2.0 Article by Josh Lantz: https://mdfinancialadvisors.com/blog/secure-act-2?rq=529%20plan

Is college planning stressing you out? Are you excited about your child's college journey but worried about how to pay for it? I've got you covered. Ann Garcia is a certified financial planner and expert in college planning.   Ann shared some amazing insights and tips to help you navigate the overwhelming process of preparing for college financially. From discussing the benefits of college as an investment to understanding student loans, Ann breaks down the complexities of college planning in simple terms.   In this episode, you'll discover: The types of scholarships available and how to maximize them Benefits of 529 plans for saving for college How to manage student loans to ensure your child doesn't graduate with a mountain of debt Tips for navigating the college application process   If you're a parent or student preparing for the college journey, this episode is for you. Ann's expertise and practical advice will help you approach the college planning process with confidence and clarity and empower you to make informed decisions about college planning.   Connect With Ann: Website | Facebook | LinkedIn   Check out Ann's College Financial Plan Masterclass and use code Mompreneur for a 20% discount.   About Ann: Besides a dozen years as a financial advisor, Ann's business background includes marketing and strategic planning in the technology industry and owning two businesses. Ann holds the CFP® designation and earned her BA from the University of California, Berkeley. She is the author of How to Pay for College and a member of Phi Beta Kappa and of NAPFA, the leading association of fee-only financial advisors.   Be sure to follow this podcast to automatically receive new episodes: Apple | Spotify | Webpage   Connect With Martine: Website | LinkedIn | Instagram   Book A Free Clarity Call with Martine: https://calendly.com/martinewilliams/clarity-call   Check out my favorite books and items to make life and business a little more simple and a lot more fun!: http://www.shop.martinesfavoritethings.com    About Martine Williams: Martine is a life coach, public motivator, podcaster, author, and mompreneur who helps other mompreneurs win at work without losing themselves in the process. Martine brings her experience as a certified PDP Professional and life coach to coach entrepreneurs on how to illuminate their strengths, cultivate their confidence, and elevate their lives. She also loves inviting mompreneur guests on the show to share their perspectives and provide inspiration, success tips, life hacks, and skills for a burnout-proof life and business. This podcast is edited and produced by: Chris Assist Media

This podcast episode features certified financial planner Chad Burton and Rob Black discussing various financial topics related to retirement planning, tax strategies, and investment decisions. Chad highlighted the importance of careful financial planning, especially for those looking to retire early or maintain their lifestyle in retirement. He discussed income gaps, working after retirement, tax season issues, and the impact of recent laws on financial planning, such as the Secure 2.0 Act affecting 529 plans. Chad also emphasized the need for personalized financial advice and decision-making based on individual circumstances and goals. Additionally, the episode promoted an upcoming event in Lafayette, California, titled "Crafting Your Retirement," scheduled for Saturday, March 23rd. The event, hosted by Chad Burton and Stephanie Richmond, aimed to provide insights and strategies for retirement planning, tax-efficient investing, insurance considerations, and long-term care planning. Chad's expertise in financial planning and wealth management was highlighted as they discussed complex financial topics such as IRA to Roth conversions, 529 plan rollovers, and the importance of delegating financial decisions to professionals to focus on other aspects of life. Timestamps: [00:02:12] Working longer to delay retirement. [00:06:31] Income gaps. [00:10:01] Influencers and social media. [00:11:44] Tax withholding issues due to yields. [00:15:50] Contract workers transitioning to W-2. [00:20:56] Underperforming rental properties in Bay. [00:23:41] Rental property inheritance changes. [00:27:25] Crafting your retirement. [00:30:46] 529 Plan Rollover Rules. [00:34:22] Delegation and financial planning. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com  

Learn how to utilize a tax advantaged 529 plan to help your or a friend's children save for future education expenses. 00:57 This Week in Your Money: What are the risks of purchasing a home without an inspection? How can you plan for major expenses when healthcare providers can't tell you how much their services will cost? Hosts Sean Pyles and Sara Rathner share their hot takes on unexpected financial challenges, with tips and tricks on handling surprise expenses, understanding the importance of home inspections, and dealing with healthcare industry inefficiencies. 09:46 Today's Money Question: What are the benefits of a 529 college savings plan? Can you contribute to a friend's 529 plan to support their child's future? NerdWallet writer Elizabeth Ayoola joins Sean and Sara to discuss the essentials of 529 college savings plans. They discuss the types of educational expenses covered, the tax benefits associated with 529 plans, and the flexibility of choosing different state plans. They also answer a listener's question about how to approach the sensitive topic of financial gifts for education with parents, sharing methods for contributing to a loved one's 529 plan without overstepping boundaries. Then, they discuss the implications of the Secure Act 2.0 on 529 plans, methods for estimating necessary savings for a child's education, and tactful ways to discuss educational contributions with parents. In their conversation, the Nerds discuss: 529 college savings plans, financial planning, educational savings, personal finance, budgeting, unexpected expenses, saving for college, tax-advantaged savings, financial gifts, college fund, education expenses, financial pressures, smart spending, investment plans, home inspection, healthcare costs, higher education, financial obstacles, educational funding, educational investments, financial strategies, money matters, budget woes, financial frustrations, financial storms, monetary setbacks, savvy spending, financial goals, state tax deductions, tax benefits, financial contributions, Roth IRA rollovers, financial planning skills, education costs, college tuition, and family finances. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend.

This week Ross and Dan dive into the listener mailbag and come up with questions around Cash Balance Plans, the tax benefits of I-Bonds and 529 funding strategies. To have your questions featured, email checkyourbalances@outlook.com!Check this episode out on YouTube.Follow us on Instagram!

For many years, 529 plans have been one of the best ways to save for education expenses such as college tuition or books and school supplies. However, up until recently, people who wanted to spend money from their 529 accounts on anything besides qualified education expenses were forced to pay additional taxes and penalties on the money that they withdrew. But, starting in 2024, a massive rule change is going into effect for 529 plans. This change will allow people to roll over leftover funds from their 529 plans into a Roth IRA account that they can use to save for retirement in a tax-advantaged way. In this video, tax expert Karlton Dennis breaks down everything you need to know about this historic change to 529 plans. This new rule change for 529 plans is so significant that it could dramatically impact the way that people save for both education and retirement. If you want to save for either of these things, then this is a great video for you to watch. *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the 529 plan as a tax-free investment vehicle and the new ruling around it. A 529 plan is a tax-free compound interest account funded for qualified educational expenses.Listen in to learn about the stipulations around the new ruling enabling rolling unused 529 money into a Roth IRA for the beneficiary you set it up for. You will also learn the importance of opening and funding a 529 account without going crazy with the money and teaching your kids/grandkids how to open a Roth IRA account as early as they can.In this episode, find out:● The power of the 529 plan as a tax-free compound interest account for qualified educational expenses.● The new ruling enables rolling unused 529 money into a Roth IRA for the beneficiary you set it up for.● The 15-year hoarding period of the 529 account before rolling it into a Roth IRA.● Why the 529 rollover is limited to the annual Roth IRA limit and a lifetime limit.● The 529 beneficiary must also be the owner of the Roth IRA and cannot be transferred to a different beneficiary.● The earned income amount rule for the 529 beneficiary to be able to roll over the annual Roth IRA limit.● Why you should open and fund a 529 account and teach your kids/grandkids how to open a Roth account.Tweetable Quotes:● “With a 529, the rule is, all growth is tax-free provided it is used for qualified educational expenses.”- Murs Tariq● “There's an ability to roll unused 529 money into a Roth IRA for the beneficiary that you set it up for.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

Today's Suze School is an answer to a question Allison asked on the last Ask Suze and KT Anything episode (479), about converting unused money from a 529 plan into a Roth retirement account.  Suze explains how 529 plans work and what exactly you can do, if you want to move money into a student's Roth. Take advantage of the Ultimate Certificates with Alliant Credit Union at: bit.ly/3kwMcjR Get Suze's special offers for podcast listeners at suzeorman.com/offer Join Suze's Women & Money Community for FREE and ASK SUZE your questions which may just end up on her podcast! To ask Suze a question, download by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMISee omnystudio.com/listener for privacy information.