Podcasts about 529 plans

On this episode of the Retire While You Work® podcast, Carson Odom and Myles Zueger dive into the importance of starting early when it comes to saving for college. In recognition of 5/29 Day, they break down how 529 plans work, why time and consistency can make a major difference, and how even small contributions today can help reduce the burden of student loan debt in the future.

Episode 110: The Hidden Power of 529 Plans (and How to Use Them Like a Pro)Welcome back to the One for the Money podcast!In this episode, we dive into one of the most powerful—and often misunderstood—tools for college planning: 529 plans. With graduation season in full swing, this topic hits especially close to home as families prepare for the next big (and expensive) chapter.

The question I keep hearing from parents right now is some version of this: "Is it even worth funding a 529 plan anymore?"

This Q&A episode of Talking Real Money covers a wide range of listener questions, from proposed “youth retirement accounts” and 529 plans to the deceptive marketing tactics behind indexed annuity steak dinners. Don also shares details about his upcoming Civil War novel, The Line Uncrossed, releasing May 22. Other topics include Vanguard's ETF stock split, the difference between quantitative investing and factor-based investing used by firms like Dimensional and Avantis, and a bizarre Apple Podcasts glitch that incorrectly labeled a recent episode as explicit content. Along the way, Don delivers a passionate takedown of indexed annuity sales tactics and marvels at modern AI audio cleanup tools0:05 Q&A episode kickoff and listener question backlog talk1:13 Don discusses dictation vs typing and listener engagement2:21 Announcement of Don's debut Civil War novel The Line Uncrossed3:35 Decoration Day origins and Memorial Day history4:38 Question about proposed youth retirement accounts and 529 plans6:30 Why proposed 530A accounts currently cannot fund 529s7:40 Reminder about free fiduciary advisor meetings at TalkingRealMoney.com8:09 Listener reports attending a free steak dinner annuity seminar9:47 Indexed annuity “54% bonus” pitch dissected11:29 Why indexed annuity charts are misleading13:25 Hidden caps, fine print, and low long-term returns14:49 The truth behind “bonus” annuity money15:51 Don unloads on indexed annuity sales tactics and commissions17:26 Vanguard's mega-cap ETF stock split explained18:40 Why ETF stock splits can help small investors19:30 Difference between quantitative investing and factor investing20:49 Demonstration of AI audio cleanup software21:23 How Dimensional and Avantis use evidence-based investing rules23:33 Listener reports Apple Podcasts flagged “War vs. Markets” as explicit24:06 Don investigates the mysterious Apple Podcasts explicit label25:34 Apple appears to have manually overridden the explicit setting27:02 Request for more listener questions and podcast sharing27:55 Final reminder about Don's novel presale availabilityQuestions? Comments? Click!

In this episode, host Toby Mathis sits down with 529 plan expert Chris Stack to explore the surprisingly versatile — and widely misunderstood — ways these accounts can be used far beyond traditional college savings. Chris explains how 529 plans primarily benefit account owners, not just future students, offering tax-free compounding growth, powerful estate planning advantages, and remarkable flexibility in how and for whom funds are used. They discuss how married couples can superfund a single account with up to $190,000 in one contribution, how beneficiaries can be changed to any family member without tax consequences, and how accounts can be structured to grow entirely outside your taxable estate. Chris also covers the strategy of directing non-educational distributions to lower tax-bracket recipients to minimize taxes, rolling leftover 529 funds into a Roth IRA, bankruptcy creditor protection, and the wide range of qualifying expenses from K–12 through graduate school, trade schools, apprenticeship programs, and nearly 500 international institutions. Tune in to discover how 529 plans can be a powerful, flexible tool for wealth building, legacy planning, and tax strategy at every stage of life. Highlights/Topics: 00:00 529 expert Chris Stack - most surprising ways people use 529s 02:10 How 529 plans work and their history 06:41 Gifting strategies and estate planning benefits 17:42 Taking money out for non-education expenses 23:05 Investment options costs and choosing a plan 29:46 Eligible expenses and qualifying institutions worldwide 31:41 Three groups who benefit most from 529s 40:43 Overcoming misconceptions and getting started Share this with business owners you know Resources Chris Stack – Saving for College: savingforcollege.com Chris Stack Email: cstack@savingforcollege.com IRS Form 709 – Gift Tax Return: irs.gov/forms-pubs/about-form-709 U.S. Department of Education – Eligible International Institutions: studentaid.gov/understand-aid/eligibility/requirements/international-schools Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free consultation here: https://aba.link/3c7g Register for a Free upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/14g1 Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube https://www.youtube.com/@ClintCoons  

529 plans keep evolving, and the latest rule changes could impact how you save and spend for education. In this episode of the Wise Money Show, we answer listener questions about new 529 plan flexibility, including K-12 usage and the 529-to-Roth opportunity. We also tackle a common retirement challenge of how to buy or build a new home before selling your current one. Plus, we share what to look for when choosing a CERTIFIED FINANCIAL PLANNER™ and whether location really matters.  Season 11, Episode 35 Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/    Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https://www.korhorn.com/schedule-a-call/  or call 574-247-5898.   Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Listen on podcast: https://pod.link/1040619718   Watch this episode on YouTube: https://youtu.be/_Rk8Bv5knwI  Submit a question for the show: https://www.korhorn.com/ask-a-question/   Read the Wise Money Blog: https://www.korhorn.com/wise-money-blog/    Connect with us: Facebook - https://www.facebook.com/WiseMoneyShow  Instagram - https://www.instagram.com/wisemoneyshow/    Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.

529 Plans and Revocable Trusts

529 plans are one of the most popular ways for families to save for education—but many parents still have questions about how much to contribute and what those funds can actually be used for. In this episode of the White Coat Investor Podcast, Dr. Jim Dahle answers several listener questions about 529 education savings plans, including how much parents might consider saving for a newborn child and how to think about long-term education funding goals. We also discuss the concept of "Trump accounts" (530A accounts) and what these proposed or new account types are intended to do. Finally, we explore whether 529 funds can be used for continuing education expenses such as CME, and how the rules around qualified education expenses actually work. Understanding the details of education savings accounts can help physicians and other high-income professionals plan more effectively for their children's education while staying tax-efficient. Resolve is the #1 rated physician contract team, reviewing 1000+ physician contracts every year. They empower physicians with location specific compensation data which leads to unparalleled leverage during the physician contract negotiation process. A physician contract lawyer is included and can negotiate on your behalf – alleviating the stress that can go along with reviewing complex legal terms. Flat-rate pricing and flexible schedules are designed for a physician's schedules. Use code WHITECOAT10 for 10% off! https://WhiteCoatInvestor.com/Resolve The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim Dahle, is a practicing emergency physician and founder of The White Coat Investor blog. Like the blog, The White Coat Investor Podcast is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor-or at least know enough to not get ripped off by a financial advisor. We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles. Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter  00:00 WCI Podcast #463 05:10 How Much Should You Put in a 529 for a Newborn? 35:22 What Are 530A "Trump Accounts"? 57:05 Can You Use a 529 for CME or Continuing Education?

In this episode of the Loan Officer Podcast, hosts Dustin Owen and Laura Zuluaga, joined by producer Karina, kick things off with a lively recap of Laura's recent trip to a New England Patriots playoff game. Laura shares her firsthand experience of the electrifying atmosphere at the stadium, from the pre-game tailgating festivities to the nail-biting moments on the field, while Dustin and Karina chime in with playful banter and questions about her favorite highlights and the fan culture she witnessed. After some lighthearted conversation, the hosts transition to the main focus of the episode: answering a series of insightful listener questions related to real estate and mortgages.   They dive into the feasibility and potential implications of 50-year mortgages, discussing how such long-term loans could affect monthly payments, total interest paid, and overall home affordability. The conversation then shifts to creative ways buyers might fund a home purchase, including the pros, cons, and legal considerations of tapping into retirement accounts like 401(k)s or education savings plans such as 529s. Dustin and Laura break down the tax implications, penalties, and strategic scenarios where these options might make sense. The hosts also tackle the growing influence of institutional investors in the housing market, examining how large-scale property purchases by investment firms can drive up prices, reduce inventory for individual buyers, and impact neighborhood dynamics.   They provide context on recent trends and share their perspectives on what this means for first-time homebuyers and the broader market. In response to ongoing debates about housing affordability, Dustin and Laura analyze recent proposals aimed at lowering mortgage rates, such as government interventions or special loan programs. However, they emphasize that these measures are only part of the solution, arguing that the real key to making homes more affordable lies in increasing the overall housing supply. They discuss the challenges and opportunities involved in building more homes, including zoning laws, construction costs, and policy changes that could encourage development.   As the episode draws to a close, the team shares exciting announcements about upcoming industry events, educational workshops, and networking opportunities for listeners. They also tease details about an exclusive listener cruise, inviting fans of the show to join them for a unique chance to connect, learn, and have fun together on the open seas.   TLOP's Originator Coaching: https://tloponline.com/mlo-coaching-programs/?utm_source=TLOP&utm_medium=Description&utm_id=YouTube  Loan officer looking for a new place to call home?

529 plan expert Patricia Roberts blows up the myth that 'it's too late' and '529s are just for rich people with toddlers and Ivy League dreams'. She is author of the book 'Route 529' and shares some big changes with 529 plans that make them an incredibly flexible savings vehicle for more than just college. In this episode we cover: How state tax deductions, credits and 'parity states' work for contributions The shockingly long list of qualified uses including trade schools, apprenticeships, non-degree credentials, K–12 tuition, tutoring, test prep and even student loan repayment  Busting the 'use it or lose it' fear and the new option to rollover left over funds to a Roth IRA How to juggle retirement vs. college savings Advanced strategies to create generational education wealth     DEALS & DISCOUNTS FROM OUR TRUSTED PARTNERS:   MONARCH MONEY The modern way to manage money! Monarch will change the way you organize your financial life. Track, budget, plan, and do more with your money – together. Get 50% off the first year using this link and entering code: CATCHINGUP50   For a full list of current deals and discounts from our partners, sponsors and affiliates, click here: catchinguptofi.com/our-partners    SUPPORT  THE  SHOW

Send us a text529 plans show up on the Series 7 more than people expect — and most students miss points because of tax timing, not definitions.In this episode, we do a deep dive on 529 College Savings Plans for the Series 7 exam, including:• How 529 plans are taxed• Contribution rules and 5-year gift tax averaging• Qualified vs nonqualified withdrawals• State vs federal tax treatment• What a registered representative must disclose when a client uses an out-of-state 529• The calendar year vs academic year trap that causes penalties on the examKey takeaway for the Series 7:529 withdrawals are matched to expenses based on the calendar year the expenses are paid — not the semester or academic year.This episode includes exam-style multiple-choice questions and explanations designed to build test-day confidence, not just memorization.If you are studying for the Series 7, SIE, or Series 66, this is a must-watch topic.Topics Covered529 plan tax benefits529 gift tax rules and 5-year averagingQualified education expensesNonqualified withdrawals and penaltiesOut-of-state 529 disclosuresCalendar year vs academic year allocationSeries 7 suitability and disclosure questionsWho This Video Is For• Series 7 exam candidates• SIE candidates• Series 66 candidates• Registered representatives in training• Anyone confused by 529 withdrawal timing

On this week's episode of Educational Insights, Robert Moody breaks down the latest updates to 529 plans, including new tax benefits, scholarship withdrawal flexibility, and even the ability to roll unused funds into a beneficiary's Roth IRA. These changes give families more control than ever over education and retirement planning, with several little-known rules that could make a major financial difference. Don't miss this quick breakdown of what's new, what's changing, and how to make the most of your 529. Watch to learn more. Robert Moody, CFP®, CEPA® Senior Vice President Wealth Consultant Email Robert Moody here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post 529 Plans – Overview and Important Changes first appeared on Fi Plan Partners.

In our final episode of Nurturing Financial Freedom for 2025, we take a deep dive into the rapidly evolving world of education and what that means for families planning ahead. College isn't what it used to be, and as we head into 2026, we unpack how demographic shifts, cost pressures, and emerging technologies like AI are reshaping higher education—and what families can do to stay ahead of the curve.Alex explains how college enrollment has been declining steadily since its peak in 2010. While part of that is due to lower birth rates post-2007, we focus on the bigger shift—young people increasingly turning toward trade careers, certifications, and alternative learning paths. Fields like HVAC, welding, and nursing are growing in demand, and students are seeking out stable, well-paying jobs that don't require a four-year degree.For those who do choose college, we're seeing a clear shift in preferred majors. STEM fields like engineering, computer science, and data science are growing, along with healthcare and business, while traditional liberal arts majors are shrinking. Rising costs are a huge part of the conversation, with many families questioning whether a $320,000 undergraduate degree truly delivers a return on investment. This economic pressure has pushed many toward more flexible paths like community college, online programs, or hybrid models that offer practical value without the high price tag.We also examine how universities themselves are evolving—sometimes in the wrong direction. From luxury dorms to reduced tenure-track faculty, schools are spending more to attract students but aren't always investing in what really matters: quality education. Alex shares a personal story from his alma mater, Washington University that perfectly illustrates this disconnect.Next, we turn to the financial side. Ed walks us through how 529 plans remain one of the best tools families can use, even in this uncertain educational landscape. These plans are far more flexible than many realize—they now cover trade schools, certifications, online degrees, and even some K–12 costs. Plus, any leftover funds can be rolled into a Roth IRA, offering tax-free growth and long-term retirement benefits for beneficiaries. The ability to change the plan's beneficiary and the favorable tax treatment make 529s an incredibly versatile, powerful savings option.Even if the future of education is less predictable, we agree the cost will still be significant. That's why saving early and often—while staying flexible—is more important than ever. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, financial advisors, RJFS, and Jon Gay, and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

529 college savings plans are a favorite tool for families looking to fund education, but recent updates have made them even more compelling. With the passing of the One Big Beautiful Tax Act in 2025, there have been some exciting changes to what you can use 529 funds for, including expanded coverage for K-12 tuition, test fees, vocational programs, and support for learning differences. I also discuss the various tax advantages of contributing to a 529 plan, like state tax deductions, tax-deferred growth, and even the ability to roll leftover funds into a Roth IRA for your child. He offers real-life examples, highlights differences across state plans, and gives practical tips on maximizing your savings and tax benefits as the year wraps up. If you're looking to make the most out of your child or grandchild's future education while being smart about your finances, this episode is packed with must-know information.  You will want to hear this episode if you are interested in... [00:00] 529 Plan updates and expansions. [06:48] 529 Plans: taxes and benefits. [08:02] 529 Plan tax-free growth. [09:55] Investment considerations for 529 plans. [13:49] New rules on 529-to-Roth IRA rollovers. The Expanded 529 Universe Most people know 529 plans are great for covering college tuition, room and board, and required fees. The One Big Beautiful Tax Act of 2025 has expanded what 529 distributions can cover, opening up a wider range of education-related expenses, including much earlier in a student's academic journey. Newly Eligible Expenses: K-12 Tuition: The annual limit for K-12 tuition expenses jumps from $10,000 to $20,000 in 2026. Test Fees and Credentialing: You can now use 529 funds to pay for standardized testing, college entry exams, and vocational credentialing programs. Homeschool & Specialized Support: Structured homeschool curricula, academic tutoring, therapies, and materials for diagnosed learning differences (including ADHD) are now eligible. Apprenticeships & Educational Equipment: Costs for apprenticeship programs and special technology or learning tools can now be covered. However, there are still some limitations: transportation, school-purchased health insurance, and extracurricular activity fees remain ineligible. State Tax Deductions The state tax deduction is a unique benefit offered by many states for 529 contributions, but often families overlook this: over 30 states offer a tax break, but the rules vary. In Connecticut, for example, you can deduct up to $5,000 per person or $10,000 per couple from your state taxable income. You must usually contribute to your own state's plan (though states like Arizona, Kansas, and Pennsylvania allow deductions for out-of-state plans). Be mindful of year-end deadlines, contributions must be made by December 31st to claim the deduction for that year. Even if your state benefit is modest, it's essentially "free money" for doing something you're likely planning anyway. Student Loan Repayment and Rollovers to Roth IRAs 529 plans now offer more flexibility, even if the intended student doesn't use all the funds for education. Student Loan Repayments: Up to $10,000 (lifetime) per beneficiary can be used to pay down qualified student loans, helping recent grads reduce their debt burden. Roth IRA Rollovers: As of recent law, up to $35,000 can be rolled from a 529 plan to a Roth IRA for the beneficiary, provided the 529 is at least 15 years old, the money isn't a recent contribution, and the beneficiary has earned income. This can be an incredible jumpstart for retirement savings if college funds aren't fully used. All 529 plans are not created equal. Look for low-cost, direct-sold plans rather than advisor-sold plans that carry extra commissions. Every dollar saved on fees is another dollar that can grow tax-free in your account. Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE  Fidelity Investments Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact   Subscribe to Retire With Ryan

We explore high yielding Mortgage-Backed Securities Funds, and a Pimco Bond Model for steady income and potential appreciation.  We also review the best Data Center Investments right now and some of the best growth stocks to own for the next decade.

In this special “Behind the Numbers” edition, Cory takes you deeper into the 529 plan conversation with a full spreadsheet walkthrough. He breaks down every scenario from Part 1: Comparing 529 plans, brokerage accounts, student loan strategies, and new Roth IRA conversion rules, using real S&P return data and clear assumptions. Cory demonstrates how small differences in tax treatment, timing, or risk allocation can completely change long-term results, and he highlights the surprising cases where a 529 wins, and where it doesn't. You'll see the real math behind college savings, including scenarios for state tax deductions, financial turbulence, and the powerful “collegium Roth” approach. Whether you're a parent, planner, or investor, this episode turns abstract strategy into numbers you can actually understand. Check out Part 1: https://youtu.be/RQLGY1OE1vs   -- Timestamps: 00:40 – Rate of Return (ROR) Assumptions 01:48 – Scenario 1: Brokerage Account ($100K total over 18 years, pay cash for school) 04:25 – Scenario 2: 529 Plan ($100K total over 18 years) 07:37 – Scenario 3: Brokerage Account + Student Loans (use loans first, pay off later) 12:54 – Scenario 4: 529 with State Tax Deduction (South Carolina Example)   -- This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial LLC dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial LLC dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial LLC dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

In this episode, Cory unpacks the truth behind 529 college savings plans, their benefits, drawbacks, and what families should consider before committing their money. While 529s promise tax-free growth for education, Cory explains how they can also limit flexibility, impact financial aid, and tie up funds that could serve broader family goals. Using real-world comparisons, he explores alternative strategies, from taxable brokerage accounts and student loans to securities-backed lines of credit, and how each affects long-term financial outcomes.  Full spreadsheet demo: https://youtu.be/wCXOaJx0lD0 The episode also highlights a creative use of the new 529-to-Roth IRA conversion rule, turning leftover education savings into a lasting wealth-building tool. Cory's takeaway: 529s aren't good or bad, just situational. The real aim isn't to buy college, but to buy choice and opportunity for your child's future. -- Timestamps: 00:00 – Introduction: The 529 plan debate 01:05 – How 529s work and their tax appeal 02:40 – Real-life model: comparing college funding paths 04:30 – Student loans vs 529 performance 06:00 – The value of flexibility and liquidity 08:05 – New 529-to-Roth conversion strategy 10:30 – Opportunity funds and financial independence 12:50 – When 529s make sense (and when they don't) 14:30 – Closing thoughts: funding choice, not just college   -- This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial LLC dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial LLC dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial LLC dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Join Isaac Chota, 529 Product Manager at UBS, and special guest Kristia Adrian, Executive Director at JP Morgan and 529 specialist, as they break down everything you need to know about 529 plans in New York, New Jersey, and Connecticut. Whether you are a parent, grandparent, or student, this episode covers the latest legislative changes, practical tips for maximizing your education savings, and expert insights on how families in the Tri-State area can make the most of their college planning. Curious about new rules or how to get started? Tune in for an informative and friendly conversation designed to help you take the next step in your education savings journey.

In this episode of Back in Session, hosts Ryan Stevens and Ryan DeMara sit down with Pennsylvania State Treasurer Stacey Garrity for a wide-ranging conversation. From her 30-year military service to her rise in the private sector and eventually public office, Treasurer Garrity shares the story behind her unexpected journey to becoming State Tresaurer. They explore her leadership at the Treasury, record-breaking unclaimed property returns, the power of 529 savings plans, and what it's like managing billions for the Commonwealth. Plus, learn how Pennsylvania became a national leader in child development savings programs—and how you could be owed money without even knowing it. Find out if you have unclaimed property in Pennsylvania:https://www.patreasury.gov/unclaimed-property/

Should members of Congress be allowed to trade stocks? I recently saw there was a bipartisan bill presented in the House that would ban lawmakers from trading individual stocks. I feel like we have been hearing about this for years, and according to NPR, “For more than a decade, a series of bills have been proposed to address such trades, but differences about the details and a lack of support from top congressional leaders stalled past reform efforts.” The question is, will this time be different? The bill made me curious though about how active congress was when it came to trading and let's just say I couldn't believe the numbers! In 2022 154 members of Congress made 14,752 trades, in 2023 118 members made 11,491 trades, in 2024 113 members made 9,261 trades, and through July of 2025 108 members made 7,810 trades. That is a crazy amount of activity and I'm not sure how they even have time for that. Their returns were also quite impressive with Democrats producing an average return of 31.1% in 2024 and Republicans producing an average return of 26.1%. For reference, the S&P 500 was up 23.3%. The numbers were quite staggering when you look at the individual performance of some of these politicians. In 2024, Rep. David Rouzer (R-NC) was up 149.0%, Rep. Debbie Wasserman Schultz (D-FL) was up 142.3%, Sen. Ron Wyden (D-OR) was up 123.8%, Rep. Roger Williams (R-TX) was up 111.2% and Rep. Nancy Pelosi (D-CA) rounded out the top ten with 70.9% return. These are hedge funds that are beating returns in several cases! Personally, I think it is ridiculous that politicians can trade individual stocks, and I hope there is finally action in Congress that ends it!   There are risks to Nvidia stock that you may not realize! There is no denying what Nvidia has done has been extremely impressive, but one major problem with the company is the revenue is extremely concentrated. Their top customers made up 23% of total revenue in the recent quarter, which was up from 14% in the same quarter last year. Their second largest customer made up 16% of total revenue, which was up from 11% in the same quarter last year. Sales to four other customers contributed 14%, 11%,11%, and 10% of revenue respectively. This means that six customers accounted for 85% of Nvidia's total sales. My concern is what if one of them drops out of the AI arms race or if a few of them pull back spending, that could really slow Nvidia's business. I also believe that China is a risk to Nvidia. While sales have been hindered in the country due to political constraints, I believe many investors are looking to China as an area of potential growth for the company. All I can say to that, is do you really think the Chinese government wants Chinese companies using Nvidia chips? It was reported that Alibaba has recently developed an advanced chip, and I'd assume Huawei and other Chinese companies are racing to compete against Nvidia. While Nvidia stock essentially just keeps climbing, it's important to realize there are several risks that could take the stock down!    Understanding more about AI and why it's becoming more expensive We are no expert on artificial intelligence, but we have learned that while AI has gotten smarter it has also gotten more expensive. It is now broken down into a unit of AI which is known as a token and while the price of tokens continues to drop, the number of tokens needed to accomplish a task is increasing dramatically. There are two basic attributes to AI, one is called training, and the other is AI inference. The increase in cost is coming from the training side that has to use large models and demands even more costly processing. AI applications are using so-called reasoning and new forms of AI double check queries on their answers, which may include scanning the entire Web. Sometimes they write their own programs to calculate things all before releasing an answer that may only be a short sentence. Delivering meaningful and better responses takes a lot more tokens to complete that process. Looking at examples, basic chatbot Q&A requires 50 to 500 tokens. Short document summaries can be used anywhere from 200 tokens to 6000 tokens. Lawyers and paralegals who use legal document analysis require 5,000 to 250,000 tokens. If one is trying to do multi-step agent workflows, well now you're looking at 100,000 to over 1 million tokens. Please understand when we talk tokens we're not talking about anything that has to do with cryptocurrencies, and this is a different token pertaining to AI. Some big companies are spending $100 billion a year or more to create cutting-edge AI models and building out their infrastructure. However, for all that investment there needs to be a return on investment, and businesses and individuals will eventually have to pay more for artificial intelligence. The CFO of Open AI said last October that 75% of the company's revenue comes from your average person paying $20 a month. Currently the cheapest AI models, which includes Open AI‘s new ChatGPT – 5 nano is costing around $.10 per million tokens but go to the top-of-the-line GPT -5 and that costs about $3.44 per million tokens. What they are trying to figure out is what the consumer will pay for AI.  There is also concern about how long the big giants can keep up this spending when they're competing with their own   Financial Planning: 529 Withdrawal Pitfalls A 529 plan is a tax-advantaged savings account designed to help families pay for education costs, with contributions growing tax-deferred and withdrawals tax-free when used for “qualified education expenses” such as college tuition, fees, books, and room and board. A qualified withdrawal avoids taxes and penalties, while a non-qualified withdrawal means the earnings portion (not contributions) is subject to federal and state income tax plus a 10% federal penalty. The IRS also allows up to $10,000 per year, or $20,000 in 2026, per student for K–12 tuition, and under the One Big Beautiful Bill signed on July 4, 2025, Congress expanded 529 qualified expenses to include not just K–12 tuition, but also fees, books, and required supplies for primary and secondary education. However, California does not conform to this expansion and continues to treat K–12 withdrawals of any kind as non-qualified, taxing the earnings and applying a 2.5% state penalty. This mismatch means California families using 529 funds for K–12 costs may face unexpected taxes and penalties despite the new federal flexibility.  Keep this in mind if you are considering funding a 529 plan.   Companies Discussed: Lululemon Athletica Inc. (LULU), Broadcom Inc. (AVGO), PepsiCo, Inc. (PEP) & DocuSign, Inc. (DOCU)  

College planning doesn't have to break the bank. From 529 plans and tax credits to student loans and smart money habits, this episode of the Wise Money Show walks you through practical strategies to help families save for education, reduce student debt, and set students up for lifelong financial success.  Season 11, Episode 3 Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/    Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https://www.korhorn.com/contact-korhorn-financial-advisors/ or call 574-247-5898.   Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Listen on podcast: https://link.chtbl.com/WiseMoney  Watch this episode on YouTube: https://youtu.be/YPLYGLHZeWE  Submit a question for the show: https://www.korhorn.com/ask-a-question/   Read the Wise Money Blog: https://www.korhorn.com/wise-money-blog/    Connect with us: Facebook - https://www.facebook.com/WiseMoneyShow  Instagram - https://www.instagram.com/wisemoneyshow/    Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.

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

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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

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

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

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

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)

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)

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.

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

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...

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.

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.