Podcasts about coverdell

Today's workplace realities are rewriting the HR playbook. That's according to Johnny C. Taylor, Jr., CEO of SHRM, the Society for Human Resource Management, and their 2025 State of the Workplace report.Johnny shares what the research reveals about employees' expectations and the challenges facing HR decision makers today. Host Rodney Bolden shares findings from Morgan Stanley at Work's own State of the Workplace study, and together they dive into what's driving change in recruitment, benefits, employee experience, leadership development, and the growing role of AI in the future of work and in workplace benefits—all topics we'll explore in more depth on this season of Invested at Work. Follow Invested at Work wherever you listen to or watch podcasts. Visit MorganStanley.com/atwork for more insights on workplace financial benefits. Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive producers are Fiona Kelsey and Lisa Boyce. Our production partner is Sequel Media Inc.The guest speaker is neither an employee nor affiliated with Morgan Stanley Smith Barney LLC. Opinions expressed by the guest speaker are solely his or her own and do not necessarily reflect those of Morgan Stanley Smith Barney LLC.The information and data presented may be deemed reliable; however, their accuracy and completeness is not guaranteed by Morgan Stanley and providing you with this information is not to be considered a solicitation on our part with respect to the purchase or sale of any securities, investments, strategies or products that may be mentioned.When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley's role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account.Artificial intelligence (AI) is subject to limitations, and you should be aware that any output from an AI-supported tool or service made available by the Firm for your use is subject to such limitations, including but not limited to inaccuracy, incompleteness, or embedded bias. You should always verify the results of any AI-generated output.Employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc., Solium Capital LLC, Solium Plan Managers LLC and Morgan Stanley Smith Barney LLC (“MSSB”), which are part of Morgan Stanley at Work.Morgan Stanley at Work services and stock plan accounts are provided by wholly owned subsidiaries of Morgan Stanley.Morgan Stanley at Work stock plan accounts were previously referred to as Shareworks, StockPlan Connect or E*TRADE stock plan accounts, as applicable. Equity Edge Online® employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc. and are part of Morgan Stanley at Work.In connection with stock plan solutions offered by Morgan Stanley at Work, securities products and services are offered by MSSB, Member SIPC. E*TRADE from Morgan Stanley is a registered trademark of MSSB. All entities are separate but affiliated subsidiaries of Morgan Stanley. The laws, regulations, and rulings addressed by the products, services, and publications offered by Morgan Stanley and its affiliates are subject to various interpretations and frequent change. Morgan Stanley and its affiliates do not warrant these products, services, and publications against different interpretations or subsequent changes of laws, regulations, and rulings. Morgan Stanley and its affiliates do not provide legal, accounting, or tax advice. Always consult your own legal, accounting, and tax advisors.Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.CRC 4395861 04/2025

In this episode we answer emails from Jeff, Jenzo and Sam.  We discuss spending money on relationships, a 72(t) situation, what to do with an unused Coverdell, GDE (again), a nice risk parity write-up and some random musings about the history of free speech and communications technologies.And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:Jenzo's GDE Backtest:  testfol.io/?s=0SLNjC7As4bSam's Most Excellent Risk Parity Explication Blog Post:  15 Uncorrelated Assets | SSiSSam's Most Excellent Bill Of Rights Blog Post:  Boxed In | SSiSBreathless Unedited AI-Bot Summary:When markets tumble and headlines scream doom, properly diversified portfolios reveal their quiet strength. This episode showcases exactly that phenomenon - while small cap value has plummeted 15.58% and the S&P 500 has shed 5.74% year-to-date, gold has soared a remarkable 25.87%, creating a balancing effect that keeps risk parity portfolios remarkably stable.We dive into listener Jeff's retirement strategy, examining his use of 72T distributions and exploring whether his recent RV purchase makes financial sense. The answer turns out to be more about relationships than raw numbers. Research shows expenditures that facilitate meaningful connections tend to yield the greatest happiness returns - a powerful framework for evaluating major purchases in retirement.The emerging world of composite leveraged ETFs takes center stage as we examine GDE, which combines S&P 500 exposure with gold allocation at 1.8x leverage. While innovative funds like these package risk parity principles into convenient solutions, they represent a tradeoff between simplicity and control. We explore whether these instruments belong in a sophisticated asset allocation strategy or if traditional single-asset funds still offer superior flexibility.For investors fascinated by portfolio design theory, we tackle the question of just how many truly uncorrelated assets one needs. While hedge funds and endowments might pursue 15+ distinct asset classes, diminishing returns suggest a more practical approach for individual investors. The mathematical reality shows the incremental benefit of adding that 11th or 12th asset pales in comparison to the impact of moving from one or two assets to five diverse investments.Our weekly portfolio review reveals the practical power of these principles. Despite market turmoil, most of our sample portfolios remain nearly flat or slightly positive for the year - precisely the stability risk parity promises. Whether you're just beginning your investment journey or fine-tuning an established strategy, this episode offers both theoretical frameworks and practical evidence for building resilient portfolios in uncertain times.Ready to hear more? Subscribe, leave a review, and send your questions to frank@riskparityradio.com.Support the show

Tina Coverdale is a passionate advocate for caregivers of children with post-concussion syndrome (PCS). With a background in psychology, social work, and education, Tina draws from her personal experience as the mother of a teenager with PCS to support other families navigating similar challenges. Currently pursuing her Master's in Clinical Mental Health Counseling, Tina integrates art therapy, mindfulness, and somatic practices into her work. She shares her family's story to raise awareness, reduce caregiver isolation, and inspire hope for those on the healing journey.Connect with Tina:Instagram: @tinacoverFuture caregiver support program (coming soon—follow her for updates!).Resources Mentioned in the Episode:Cognitive FX – A clinic specializing in concussion rehabilitation where Tina's daughter received treatment.Website: www.cognitivefxusa.comBrainsparx Foundation – A Utah-based organization offering support groups for concussion survivors and caregivers.Founded by Kaylee Blair (Click here to listen to her previous episode).Website: www.brainsparx.orgConcussion Legacy Foundation – Provides resources and support groups for concussion survivors and families.Website: www.concussionfoundation.orgState Brain Injury Associations – Local organizations offering support and resources (search for your state's chapter)."Livescribe Smartpen" – A recording pen that syncs audio with handwritten notes, helping students with memory challenges.Website: www.livescribe.comBrene Brown's "Candle Blower-Outer" Analogy – Encourages surrounding yourself with people who nurture your light.Reference: tiktok video Caregiver Support Groups – Tina emphasized the importance of finding community, whether through:Local brain injury alliancesCodependency Anonymous (CoDA): https://coda.org/School district concussion support teams (ask your school!)Art Therapy & Mindfulness – Tina's go-to tools for caregiver resilience (no artistic skill required!).For Concussion Coaching:Visit Bethany Lewis at www.theconcussioncoach.com to sign up for a free consultation.Key Takeaway:"You don't have to navigate this alone. Find your people, honor your anger (throw rocks if needed!), and adjust your hope to embrace the journey—not just the destination." – Tina CoverdalListen to the full episode for Tina's powerful story and her daughter Paige's heartfelt advice for caregivers!

In this episode of the AICPA Personal Financial Planning Podcast, host Cary Sinnett welcomes Dr. Ross Riskin, Chief Learning Officer at the Investments & Wealth Institute and author of Guide to Education Planning. They dive deep into education planning strategies, including the benefits and complexities of tools like 529 plans, the importance of multi-generational funding conversations, and how to align education savings with broader financial goals. Here are five key takeaways from the conversation between Cary Sinnett and Dr. Ross Riskin: The Value of Education Planning Education planning remains highly valuable as it bridges generations, connects with next-gen clients, and addresses a significant knowledge gap among financial advisors. It also integrates with broader legacy and wealth transfer strategies. Importance of Multi-Savings Vehicles Financial planning for education isn't "one size fits all." Utilizing a combination of tools like 529 plans, brokerage accounts, and Coverdell accounts helps optimize funding, flexibility, and tax efficiency based on client priorities and state-specific tax benefits. Proactive Conversations Across Generations Successful advisors include grandparents, parents, and even extended family in funding discussions early on. Understanding their contributions and intentions (e.g., lump sums vs. future pledges) is critical for accurate projections and family alignment. Strategies for Leftover 529 Plan Funds Excess funds can be strategically used by transferring beneficiaries, repaying student loans (up to $10,000 per person), or rolling into Roth IRAs for beneficiaries to support retirement planning. Financial Aid and Investment Oversight Advisors must understand financial aid policies, tax considerations, and investment flexibility within 529 plans, especially during distribution years. Monitoring allocations ensures funds are managed efficiently to preserve capital in high-interest environments. Show Notes: Conclusion Dr. Ross Riskin reminds us that effective education planning requires proactive conversations, personalized strategies, and leveraging tools like 529 plans for tax efficiency, legacy planning, and beyond. For more resources: Explore the AICPA PFP Section: aicpa.org/pfp. Get your copy of Guide to Education Planning to build your expertise. Thank you for listening! Don't forget to follow the podcast for future episodes featuring expert insights on tax, estate, investment, and financial planning.  

On this week's episode, IRA Financial's Adam Bergman Esq. answers questions about the Coverdell Education Savings Account (ESA) including opening multiple Coverdell accounts, saving with both an ESA and a 529 plan, and why choose a Coverdell over a 529 plan?

The MoneyTalk show was created for our listeners, and much of its best content comes directly from those listeners. In this episode, Donna and Nathan tackle some great listener questions on the differences between Coverdell education savings accounts and 529s, identifying good opportunities for Roth conversions, and how the Income Related Monthly Adjustment Amount impacts Medicare recipients. Also on MoneyTalk, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.

Today's parents have better ways to save for their kids' college than existed a generation ago. So, are you making the most of your college savings program?It's been less than 30 years since Congress authorized the tax-advantaged 529 plans. More options soon followed. Mark Biller joins us today with the pros and cons of several college-savings programs.Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance. The Rising Cost of CollegeOver the past few decades, the cost of higher education has increased at a rate much higher than general inflation. Today, more than half of college graduates leave school with student loans, and the average debt load has nearly doubled in the last 15 years. For parents, saving for college can be daunting, but starting early is essential. For instance, if you have 14 years to save for a child's education, you'll need to set aside about $520 per month to cover 70% of the four-year cost at a public institution. Waiting until your child is older will require much larger monthly contributions.One of the most important strategies is involving your children in the savings process. Helping them understand that any unmet costs will turn into debt in the future can encourage them to contribute through savings, summer jobs, scholarships, and financial aid. This also teaches them the value of disciplined saving.Best Programs for College SavingsWhile there are many options available for college savings, there are specifically three key vehicles: Coverdell Education Savings Accounts (ESAs), 529 Plans, and Roth IRAs. Each has its own strengths and weaknesses.1. Coverdell Education Savings Accounts (ESAs)Coverdell ESAs offer flexibility in investment choices, allowing parents to make specific investment decisions and adjust their portfolios as needed. However, there are income limits for contributors and a maximum contribution of $2,000 per year, which may not be enough if you're starting late in the game.2. 529 PlansThese plans have become the most popular option for college savings. They offer tax-free growth on your investments as long as withdrawals are used for qualified educational expenses. Many states also provide tax benefits for contributions to 529 plans. While they don't offer the same investment flexibility as Coverdell ESAs, they allow higher contribution limits and have no income restrictions, making them suitable for high-income families. Age-based portfolios, which automatically adjust investments as your child gets closer to college, can simplify the process for busy parents.3. Roth IRAsRoth IRAs are typically associated with retirement savings, but they can also be useful for college savings. You can withdraw contributions without penalties to pay for college expenses. However, you'll need to be at least 59½ years old to avoid penalties on earnings. Roth IRAs provide the flexibility to use the funds for retirement if your child doesn't need them for college.Choosing the Right OptionWhen it comes to saving for college, it's not necessarily about choosing one program over another. Parents can use a combination of these accounts, such as contributing to both a Roth IRA and a 529 plan. The key is to start early to maximize the benefits of compounding. The earlier you begin saving, the less you'll need to set aside each month.With the rising cost of college, saving early is crucial to minimizing student debt for your children. Whether you choose a Coverdell ESA, 529 plan, Roth IRA, or a combination, the important thing is to take action. Don't put this off. The earlier you make a decision to start contributing, the more you can get compounding working for your earnings.For more detailed information on these college savings options, you can visit Sound Mind Investing and read their full article, “Making the Most of Your College-Savings Program,” at SoundMindInvesting.org. On Today's Program, Rob Answers Listener Questions:My question was about the 401(k) left to me by a dear friend who passed away. I'm 80 years old, and I understand I can't leave that 401(k) to anyone else as a beneficiary. I wanted to know if I could roll it over, put it in something else, or even take a penalty to access the funds since I'm not sure I'll be able to use it for very long, given my age. I was surprised to hear that I might be unable to name a beneficiary for the inherited 401(k), so I wanted to see if that was true. My auto insurance has significantly increased over the last two years, and it went up again with my latest policy renewal. I want to look for another auto insurance company, but I'm specifically looking for one that is biblically based and doesn't give money to organizations that go against my values. I'm already a Christian Community Credit Union member, so I wondered if they or any of their partners offer auto insurance options that align with my Christian beliefs.I'm a nurse who had to apply for Social Security benefits about 18 years ago when I got sick. I feel I was shortchanged on my benefit amount compared to others, even those with lower incomes and education. I didn't have a lawyer when I applied, and I'm concerned I wasn't adequately credited for my work history starting at age 13. I can get by because I was able to sell a home, but I'm wondering if I can now get a lawyer to try to increase my Social Security benefits since I believe I was unfairly treated when I initially applied.Resources Mentioned:Sound Mind InvestingMaking the Most of Your College-Savings Program (Article by Mark Biller and Matt Bell - Sound Mind Investing)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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)

Kentucky REC advisor Lacy Shumway provides a comprehensive overview of the 3-year Coverdell Grant, focusing on its mission to enhance stroke care in collaboration with the CDC. She shares details behind the numbers in Kentucky's application for the grant: addressing high stroke mortality rates and risk factors. Explore the seven strategies implemented by the Coverdell Grant, formally known as the Paul Coverdell National Acute Stroke Program, including: HTN control; quality improvement; education; and EMS collaboration. Lacy discusses data collection challenges and the critical role of ZIP CODES in the Social Deprivation Index (SDI). Uncover the system-wide impact of the grant, addressing challenges and bridging geographical gaps in stroke care across Kentucky. Get ready for an engaging discussion that unveils the transformative impact of the Coverdell Grant on the future of stroke care in the Bluegrass State!Lacy Shumway is the Program Manager for the Paul Coverdell National Acute Stroke Program at the Kentucky Regional Extension Center, University of Kentucky. With 13 years in healthcare, Lacy's expertise includes 7 years as Coordinator for Stroke Program Outreach at Norton Healthcare. She successfully marketed the stroke program and developed a pre-hospital stroke education training offered across Kentucky and Southern Indiana. Lacy serves as Vice-Chair of the Cardiac and Stroke Subcommittee at the Kentucky Board of EMS, and is the Chair of the EMS and Education Committee with the Stroke Encounter Quality Improvement Program (SEQIP). A graduate of Indiana University, Lacy brings a wealth of knowledge to our discussion. Tune in for an informative exploration of stroke care advancements in Kentucky!

Amy Minkley is a woman on a mission. Sometimes, she admits, the mission is WAY over her head. She's an overachiever by nature, coming by her work ethic out of a need for independence when her dad left the family when she was young. From that beginning (which she says she's grateful for), Amy has gone on to big things, including creating the FI Freedom Retreat in Bali. Amy joins us for a wide-ranging episode on being okay with imperfection, finding like-minded people, and on intentional living and more. If you're feeling stuck, this is the perfect episode for you. If you're an overachiever and perfectionist, this is also the episode for you. Amy isn't the only awesome guest on today's show, though! Comedian and show writer Lisa Curry joins Joe, OG and Doug to dive into the rest of the show. In our headline segment we tackle long term care (and again the need for community when it comes to caring for our elders). Lisa offers a solution we may or may not dismiss while also being slightly fearful about it. In our new Better Call Saul (Sehy) segment, we take a question from a Stacker wondering about the Coverdell ESA. We dive into how to best plan for education, which usually doesn't include using a Coverdell. In this episode we discuss: Camp FI FI Freedom Retreat Long Term Care insurance Inflation Elder care in general Coverdell ESA accounts 529 plans ...and more! FULL SHOW NOTES: https://www.stackingbenjamins.com/building-your-fi-community-in-bali-amy-minkley-1465 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In today's episode, Adam Bergman, Esq., discusses the Coverdell Education Savings Account and the 529 plan, the benefits of each, and which should you choose when saving for college.

In this webinar, Mat Sorensen, CEO, and Aaron Halderman, COO of Directed IRA discuss everything you need to know about Solo 401(k)s We cover the following topics:-New Roth Rules for 2023 and Beyond-Contributing 10 times more annually than an IRA-Understanding the necessity of an LLC for a Solo 401(k)-Qualification criteria-Avoiding common mistakes-Exploring the increased contribution limits for 2023 ($66k) and 2024Learn how to take control of your retirement - https://directedira.com/Self-directed IRA Podcast - https://matsorensen.com/podcast/Shop my products - https://shop.matsorensen.com/ Blog & Articles - https://matsorensen.com/blog/ Connect with Mat online:Instagram: https://www.instagram.com/matsorensen/Facebook: https://www.facebook.com/mat.sorensen.1LinkedIn: https://www.linkedin.com/in/matsorensen/Twitter: https://twitter.com/matsorensen YouTube: https://www.youtube.com/@MatSorensen

Why does Becca in Florida's advisor "poo-poo" her strategy for funding 529 plans for education? Keith, commenting on Spotify, wants to know about reimbursing yourself from a 529 plan for the scholarship amount used for education without penalty, and Wendy way up in New York wants to know if she should use retirement funds to pay for college and home renovations. Plus, what are the pros and cons of starting Roth conversions for Renee in Wisconsin, and is she on track for retirement? Will the IRS penalize Dan in Michigan for not paying Roth conversion tax in January? With the 5-year Roth clock, how does compounding interest work when Aaron in Ohio changes custodians? And Kirk in Iowa wonders how the Affordable Care Act tax credit works with dependents.  Timestamps: 00:55 - Why Doesn't My Financial Advisor Want Me to Fund 529 Plans? (Becca, FL) 08:19 - Is 529 Plan Self-Reimbursement for Scholarships Okay? (Keith) 10:22 - Should We Use Retirement Funds to Pay for College and Home Renovations? (Wendy, way up in north NY) 18:11 - Pros and Cons of Starting Roth Conversions: Are We On Track for Retirement? (Renee, WI) 28:58 - Is the IRS Going to Penalize Me For Not Paying Roth Conversion Tax in January? (Dan, Milford, MI) 30:38 - Roth 5-Year Clock: Compounding Interest on Rolled Over Retirement Accounts (Aaron, OH) 32:19 - How Does the Affordable Care Act Tax Credit Work with Dependents? (Kirk, IA) 37:11 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-452  ABCs of College Funding - free download Money Saving Tips fro Funding College - YMYW TV How to Save for Education; 529 Plan, Coverdell, Prepaid Tuition and More - on-demand webinar Episode Transcript Ask Joe & Big Al On Air for your Retirement Spitball Analysis

It’s great to have options but it can lead to some confusion when you’re trying to decide how best to save for your kids’ college education. On today's MoneyWise Live, host Rob West will explain that 529 savings plans aren’t your only option for college savings, and he’ll share about an alternative that you may not have heard of before. Then Rob will answer your calls and financial questions. See omnystudio.com/listener for privacy information.

We all want our kids to get a good education, but everyday college becomes more and more expensive. This is why it is so important to plan for their education needs in advance.  On this episode of Solopreneur Money, we're going back to basics to help you create the life you want for yourself and your kids. Listen in to explore the various ways that you can set aside funds to use for your kids' college education. You will want to hear this episode if you are interested in... Questions you should be thinking about with funding your kids' education [3:42] Which college savings tool you want to use [8:45] The Coverdell education savings account [12:12] How to start saving for college [17:51] Resources & People Mentioned 100th Episode and 14th Anniversary with Melissa Nelson Connect With Gabe Nelson BOOK – The Solopreneur's Money Manifesto by Gabe Nelson www.GabeNelsonFinancial.com/contact FREE Downloadable Resources at https://www.gabenelsonfinancial.com/resources/ EMAIL: Gabe (at) GabeNelsonFinancial.com Follow Gabe on LinkedIn Follow Gabe on Twitter: @GabeNelsonCFP Follow Gabe on Facebook Follow Gabe on Instagram: @GabeNelsonCFP Subscribe to Solopreneur Money Audio Production and Show notes by PODCAST FAST TRACK https://www.podcastfasttrack.com

Guests: Wisconsin Coverdell Stroke Program Team

Learn how 529 plans compare to other college investment options, the pros and cons of each, and strategies to help you potentially maximize your benefits. Listen now:  https://tamingthehighcostofcollege.com/thcc-529-plan-series-ep-3-529-plans-and-other-college-savings-plan *** Check out the FREE Scholarship Guide For Busy Parents and College Money Report:  https://courses.tamingthehighcostofcollege.com/p/scholarship-guide-for-busy-parents https://tamingthehighcostofcollege.com/college-money-report/ *** We care about what you think and want to help you out, so we'd appreciate you reviewing us on Apple, Stitcher, or on your favorite podcast platform!

Supplanting is the cutting of a normal operating budget and replacing those funds with grants or other allocations. It is an impermissible use of federal forensic programs, but has other dangers as well. References: Paul Coverdell - Competitive CFSO Funding Page OJP Supplanting Guide Sheet

Having children causes parents to think differently about financial planning. How can we save up enough money to help pay for them to go to college? LaSondra Rhodes, Financial Professional with New York Life, offers advice about college savings accounts, from 529 plans to custodial accounts and more. LaSondra is planning ahead for her own three children—including a set of twins—and wants families to know about their options for education funding.

Gene and Alyssa answers tons of listener questions: Medicare and IRMA?I Bonds – still a good investment?How are jointly owned CDs taxes at mom's passing?What can they do with an unused Coverdell account?Lots more questions. Free Second Opinion Meetings Do you have questions about your financial situation?Are you on track to reach your financial goals – particularly your retirement goals?What should you be doing right now? Two New Free Services Have your current life insurance policies analyzed to see if they fit you or could you do betterHave your current annuities analyzed to see if they fit you or could you do better Added to These Free Services Social Security and Medicare Review with our SS/Med expert Mr. Mark BacakLong Term Care Review with our partner Mr. Mike PompeiReverse Mortgage Review with our partner Tiffany ShuttaEstate Planning Document Review with an attorney in our office Schedule a free second opinion meeting with a More than Money advisor? Call today (610-746-7007) or email (Gene@AskMtM.com) to schedule your time with us.

It's great to have options, but it can lead to confusion when you're trying to decide how best to save for your kids' college education. A 529 savings plan is a great option, but it's not your only option. Today we'll compare 529 education savings plans to Coverdell accounts. We almost always advise parents to open a 529 plan to pay for their kids' college expenses, and no doubt it's a great, tax-advantaged way to save, but a Coverdell account has at least one advantage that makes it worth considering. 529 COVERDELL SIMILARITIES But first, let's look at how the two plans are similar. To start, like 529 plans, Coverdell education savings accounts (or ESAs) give families a tax-advantaged way to save not only for college, but also for elementary and secondary expenses. That was always true for the ESA but not the 529. Five years ago, the 529 was changed so parents could use it for K-12 education up to $10,000 a year for qualified expenses. What do we mean by tax-advantaged? It doesn't mean that your contributions to either an ESA or 529 are deductible on your federal tax return (although some states will give you a break there). It does mean that your earnings are allowed to grow tax-free in both types of accounts. So for either plan, you pay taxes on the money going in, but no taxes when you make withdrawals for qualified educational expenses. Those expenses are generally defined as tuition and fees, books and some room and board expenses. Also, when you apply for college aid using the Free Application for Federal Student Aid (FAFSA), both ESAs and 529s will be counted as family assets. You're probably thinking, Well, if they're so much alike, why do we need both? Well, there are major differences between the two. DIFERENCES BETWEEN 529 COVERDELL First, ESAs were really designed for low and middle income families, so they come with income restrictions. Your modified adjusted gross income can't exceed $190,000 for married couples filing jointly or $110,000 for single filers. 529 plans don't have income restrictions, although individual state 529 plans may set their own maximum balance, and those range around $235,000 to over a half million dollars. So that distinction could be important for some folks. ESAs have an income limit whereas 529s do not. But that's not the only difference. Here's where the major advantage of the Coverdell ESA comes in THE MAJOR ADVANTAGE OF A COVERDELL ESA The big advantage here is in your investment options. A 529 plan is similar to a 401k when it comes to investing. You can only invest in the options provided by the plan, and they tend to be traditional assets like mutual funds. An ESA, on the other hand, is more like an IRA. In fact, they were actually called Education IRAs until the name was changed 20 years ago. You can open an ESA at a bank, credit union or brokerage. And from there, you can invest in almost anything, including individual stocks and bonds, real estate investment trusts, mutual funds and exchange-traded funds. So flexibility is the key advantage that the Coverdell ESA has over a 529. And now you may be thinking, If ESAs are so great, why do you usually recommend 529 plans? It's because ESAs also have two disadvantages. ESA DISADVANTAGES First, contributions are lower with ESAs. You can only put $2000 a year into an ESA. With a 529 plan, individuals can contribute up to $16,000 a year without having to fill out the federal gift tax form 709. Contributions above that amount count against an individual's lifetime gift exclusion of $12.06 million .. so it's certainly not a problem for most folks. The ESA has one other disadvantage: an age restriction that the 529 does not have. You have to make all of your contributions to an ESA before your child turns 18, and then use those contributions and earnings before the child reaches age 30. That could be a problem for students who might consider grad school, especially med school which requires an additional four years of study. In that case, the 529 is definitely better than the ESA. Now, one final word. Whether you choose an ESA or 529 plan, it's important to start saving early to make the most of compound earnings over the years. The goal is to borrow as little as possible for education. It's easy to borrow but a lot harder to pay back student loans. On today's program, Rob also answers listener questions: ● How do you go about purchasing an I-bond? ● Is it a wise idea to cash out a precious metals IRA? ● How do you determine how much mone you can afford when buying a house? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

It's great to have options, but it can lead to confusion when you're trying to decide how best to save for your kids' college education. A 529 savings plan is a great option, but it's not your only option. Today we'll compare 529 education savings plans to Coverdell accounts. We almost always advise parents to open a 529 plan to pay for their kids' college expenses, and no doubt it's a great, tax-advantaged way to save, but a Coverdell account has at least one advantage that makes it worth considering. 529 COVERDELL SIMILARITIES But first, let's look at how the two plans are similar. To start, like 529 plans, Coverdell education savings accounts (or ESAs) give families a tax-advantaged way to save not only for college, but also for elementary and secondary expenses. That was always true for the ESA but not the 529. Five years ago, the 529 was changed so parents could use it for K-12 education up to $10,000 a year for qualified expenses. What do we mean by tax-advantaged? It doesn't mean that your contributions to either an ESA or 529 are deductible on your federal tax return (although some states will give you a break there). It does mean that your earnings are allowed to grow tax-free in both types of accounts. So for either plan, you pay taxes on the money going in, but no taxes when you make withdrawals for qualified educational expenses. Those expenses are generally defined as tuition and fees, books and some room and board expenses. Also, when you apply for college aid using the Free Application for Federal Student Aid (FAFSA), both ESAs and 529s will be counted as family assets. You're probably thinking, Well, if they're so much alike, why do we need both? Well, there are major differences between the two. DIFERENCES BETWEEN 529 COVERDELL First, ESAs were really designed for low and middle income families, so they come with income restrictions. Your modified adjusted gross income can't exceed $190,000 for married couples filing jointly or $110,000 for single filers. 529 plans don't have income restrictions, although individual state 529 plans may set their own maximum balance, and those range around $235,000 to over a half million dollars. So that distinction could be important for some folks. ESAs have an income limit whereas 529s do not. But that's not the only difference. Here's where the major advantage of the Coverdell ESA comes in THE MAJOR ADVANTAGE OF A COVERDELL ESA The big advantage here is in your investment options. A 529 plan is similar to a 401k when it comes to investing. You can only invest in the options provided by the plan, and they tend to be traditional assets like mutual funds. An ESA, on the other hand, is more like an IRA. In fact, they were actually called Education IRAs until the name was changed 20 years ago. You can open an ESA at a bank, credit union or brokerage. And from there, you can invest in almost anything, including individual stocks and bonds, real estate investment trusts, mutual funds and exchange-traded funds. So flexibility is the key advantage that the Coverdell ESA has over a 529. And now you may be thinking, If ESAs are so great, why do you usually recommend 529 plans? It's because ESAs also have two disadvantages. ESA DISADVANTAGES First, contributions are lower with ESAs. You can only put $2000 a year into an ESA. With a 529 plan, individuals can contribute up to $16,000 a year without having to fill out the federal gift tax form 709. Contributions above that amount count against an individual's lifetime gift exclusion of $12.06 million .. so it's certainly not a problem for most folks. The ESA has one other disadvantage: an age restriction that the 529 does not have. You have to make all of your contributions to an ESA before your child turns 18, and then use those contributions and earnings before the child reaches age 30. That could be a problem for students who might consider grad school, especially med school which requires an additional four years of study. In that case, the 529 is definitely better than the ESA. Now, one final word. Whether you choose an ESA or 529 plan, it's important to start saving early to make the most of compound earnings over the years. The goal is to borrow as little as possible for education. It's easy to borrow but a lot harder to pay back student loans. On today's program, Rob also answers listener questions: ● How do you go about purchasing an I-bond? ● Is it a wise idea to cash out a precious metals IRA? ● How do you determine how much mone you can afford when buying a house? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

It's great to have options but it can lead to some confusion when you're trying to decide how best to save for your kids' college education. Rob West will explain that 529 savings plans aren't your only option for college savings, and he'll share about an alternative that you may not have heard of before. Click here to visit our website to find a financial coach or a Certified Kingdom Advisor in your area. MoneyWise is made possible by your prayers and financial support. To give, click here now. To support this ministry financially, visit: https://www.oneplace.com/donate/1372/29

It's great to have options but it can lead to some confusion when you're trying to decide how best to save for your kids' college education. Rob West will explain that 529 savings plans aren't your only option for college savings, and he'll share about an alternative that you may not have heard of before. Click here to visit our website to find a financial coach or a Certified Kingdom Advisor in your area. MoneyWise is made possible by your prayers and financial support. To give, click here now. To support this ministry financially, visit: https://www.oneplace.com/donate/1372/29

This episode is a "Must listen," to for any parent!Total Student Loan Debt is $1.75 trillion.The average amount per borrower is $29,000.There are 2.4 million retirees who struggle to pay student loan debt aged 62 and older.What is the best strategy for parents to pay for their kid's college debt free?Mat Sorensen and Mark J. Kohler talk about account types you can use and how to save in a tax favored way. They explain the benefits of Coverdell ESAs, 529 and Roth IRAs and, which accounts to use first.Mat and Mark also shared how they helped their kids graduate with zero debt and their own personal journey of what they did to pay for their own college education.They also explained what NOT to do with a retirement account.

In this podcast episode Mat and Mark discuss how to transfer or rollover your IRA, 401(K), Coverdell, and HSA. Learn how to unlock your retirement account and invest in what you know with a Self-Directed IRA or 401(k).  Also, check out: Can I rollover or transfer my existing retirement account to a self-directed IRA? https://directedira.com/faq/#num2And visit www.directedira.com/podcast for more episodes. 

Coverdell education savings accounts have a $2,000 annual contribution limit per beneficiary, but there are ways to get around this limit.

Coverdell education savings accounts have a $2,000 annual contribution limit per beneficiary, but there are ways to get around this limit. The post How To Bypass The $2,000 Coverdell Contribution Limit appeared first on The College Investor.

Join Mark and Mat as they answer your difficult Self-Directed retirement plan questions. Mark and Mat weigh the pros and cons of the 529, Roth IRA, and Coverdale when saving for college. To submit your questions, listen, search for prior episodes, or sign up for their Weekly Free Newsletter, visit https://directedira.com/podcast

Josh and Ross discuss the myriad options available when it comes to saving and paying for college.  From those with plenty of time to save to those with little to no time left, the hosts share practical tips for how to approach this complex topic.  To connect with Josh visit joshhargrove.comTo connect with Ross visit rosspowellcpa.comCurrently Listening: Josh - Playlist of tracks from Yellowstone (Hit TV Series) - Click here to listenRoss - "Dawn FM," new album by The Weeknd - Click here to listen

Emergency Fund - 1 months savings in the bank, cd, money market etc. (FDIC insured) Contribute to matching 401k Set aside savings for Health Deductibles and perhaps max out of pocket if a lot of healthcare needs. If you are in an HSA plan, contribute. $3,600, $7,200 per couple, if over 55, $1,000 catchup contribution. Set aside savings for Life Insurance Premiums (10x Income per year) and Disability Insurance Payoff all credit card and high interest debt. Emergency Fund (6 months to a year) If in a high furlough or layoff industry consider longer Emergency Fund. Also consider I-Bonds for the more sophisticated investor (very flexible 1-30 years). Fund your 401k, 403B, and/or 457s. 401k 19,500 some states protect retirement accounts more than IRAs (look at Roth and non-Roth. Over 50 6500 Education Savings (529 usually better than Coverdell, can out more in and more Fund Traditional or Roth IRA $6,000 (+$1,000 catchup) ESPP (not more than 5% of wealth) don't want all eggs in one basket. Take advantage of the discount. Also consider your stock options, RSUs, ISUs and their tax implications here. Brokerage Account tax buckets for retirement (cost basis increases yearly) Real Estate Investments High Income/At Risk Plans Payoff low interest debt (Cars, Mortgage, etc.) Speculative Investments (Art, Cars, Bitcoin). No more than 5% of total wealth.

Get Active In Your Kids' Education Explore the optionsA lot of stress is placed on parent's shoulders when it comes to their kids' education; considering health risks, controversial material, dedicated teachers – can leave people wondering what is best for their young ones. Kids must go to school, but what's the best option? Send them to the public school in your district, homeschool, pay for a private, charter or other alternative education program? With so many choices, budgeting for school choice can be harrowing, but necessary to assure the best outcome. Scholarships Aren't Just For College! Finding ways to payMany would be surprised to know that there are scholarships for K-12 available, or that fourteen states offer education vouchers to low-income families and those with special needs, and eight states provide a tax credit for tuition and related expenses. Many states offer charter schools and several alternatives to traditional public education, so spend some time researching all available options. Budgeting For School Choice Be Intentional!Create a budget that focused on money for the school of choice. It may sound impossible but try it before the idea is dismissed. It's a welcome surprise how much is found after looking closely at income versus expenses and making some changes. Being intentional with money produces astounding results! Plan Ahead Time is a powerful toolOnce the money is found to cover this year, start planning ahead. With time on your side, there's a lot more you can do. Low-income families can open a Coverdell or education savings account and contribute up to $2,000 per year. Earnings are tax-free when used for your child's education. Another option is the 529 plan, which allows the flexibility to save a lot more. GiftOfCollege.com CFO, Patricia Roberts outlines the details, benefits and strategies in her book, “Route 529: A Parent's Guide To Saving For College And Career Training With 529 Plans.” The Budget Scavenger Hunt Look for money in unexpected placesGo beyond the traditional “found money” such as tax refunds, bonuses and salary increases, and consider life changes like the end of potty training or aging out of daycare as places to re-direct those expenses to pay for education. You can also look for “spare change” in your budget or consider other surprising ways to save money. Getting Started Can you spare 15 minutes?“Route 529” Author, Patricia Roberts says you can open a 529 plan in as little as 15 minutes, and there's a ton of information and plans to choose from at giftofcollege.com! It Takes A Village! Give and receive the gift of education!You don't have to go it alone, because friends, family, even employers can contribute to 529 plans, and you can contribute for friends and family! GiftOfCollege.com embraces the adage “it takes a village to raise a child” by offering gift cards for any occasion, redeemable to a new or existing 529 plan, leading you to successfully budgeting for school choice.

Brian and Dan discuss investing for children, including the various types of accounts like 529 plans, Coverdell accounts, and UTMA/UGMA accounts.Support this podcast at — https://redcircle.com/fierce-fiduciary-podcast/donations

We talk 529 plans, Coverdell ESAs, UTMAs and other ways to save for college. We also discuss how to put aside money for other expenses kids may have. 403bwise Meridian Wealth Management Speakpipe

Coverdell ESAs are less popular than 529 plans but have some advantages over them when saving for K-12 expenses. Learn their pros and cons!

Coverdell ESAs are less popular than 529 plans but have some advantages over them when saving for K-12 expenses. Learn their pros and cons! The post Coverdell Education Savings Accounts (ESAs) | Are They Worth It? appeared first on The College Investor.

The Coverdell ESA - or Educational Savings Account - is one of the best options to save for college expenses tax-free. Like a Roth IRA or Health Savings Account any investments inside the ESA will grow tax-free, and come out tax-free, but only for any qualified education expense.  In this episode, Mark and Mat cover all things Coverdell ESA from the origin and history to the many benefits a Coverdell ESA can provide for you! To learn more visit: https://directedira.com/

In this episode, Dan & Ian outline college saving options. As the prices of higher education continue to skyrocket, The Small Business Experience is bringing you tips and tricks to use the tax law to your advantage. Throughout this episode, Dan & Ian explore all the options available to you and the tax impact of your decisions. This is important information for anyone with dependents, grandchildren, etc. Below will include a more detailed outline for the episode.What is a 529? An investment account that offers tax-free earnings growth and tax-free withdrawals when the funds are used to pay for qualified education expenses.Coverdell Education Savings Account (ESA), formally called "Education IRA" : A Coverdell education savings account is a tax-deferred trust account created by the U.S. government to assist families in funding educational expenses for beneficiaries who must be 18 years old or younger when the account is established. The age restriction may be waived for special needs beneficiaries. While more than one ESA can be set up for a single beneficiary, the total maximum contribution per year for any single beneficiary is $2,000.Coverdell Loan: KEY TAKEAWAYS-With a Coverdell ESA, if your adjusted gross income exceeds $110,000 for an individual, or $220,000 for a married couple filing a joint return, you're not eligible to use a Coverdell at all.-The contributions put toward a Coverdell ESA must be made in cash and are not deductible. Contributions can be made by individuals with modified adjusted gross income that falls within an annual limit. 529 KEY TAKEAWAYSWhat is considered a qualified education expense? -Tuition, fees, books, supplies, equipment, computers and room & board. -The IRS also allows tax-free withdrawals of up to $10,000 per year, per beneficiary to pay for tuition expenses at private, public and religious K-12 schools.  -QUALIFICATIONS: Student is enrolled at least half-time, which most colleges and universities consider to be at least six credit hours per term & be a candidate for a degreehttps://www.savingforcollege.com/intro-to-529s/what-is-a-529-planFollow & Subscribe to The Small Business Experience:Youtube: https://www.youtube.com/channel/UCgCgrWab2pDhnQ3pZvbI0ZwInstagram: https://www.instagram.com/smallbusinessexperienceFacebook: https://www.facebook.com/The-Small-Business-Experience-101691538462054Twitter: https://twitter.com/TheSmallBizExpLinkedIn: https://www.linkedin.com/company/70527961/admin/Buzzsprout: https://thesmallbusinessexperience.buzzsprout.com

Money Concepts Radio is a financial series brought to you by KDCR and Money Concepts – The Planning FirmTM in Sioux Center, IA.  The following is not to be construed as tax or legal advice.  Host: Thomas De Jong, M.S.  Links for downloading the entire series will be available after the series has finished airing.All securities through Money Concepts Capital Corp.  Member FINRA/SIPC.  Money Concepts Capital Corp. is not affiliated with The Planning Firm.TM  

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 Hebrews 13 has a great reminder for us at this time of year, Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God. Christmas is almost here, a time when we naturally feel more generous. Today, host Rob West talks with Laurie Farquhar of the National Christian Foundation to explore the best ways to give at this time. Generosity should be part of your lifestyle. Be generous with your time, talent, and financial resources. Remember that God owns everything we have, and we are the managers of what God has entrusted to us. God has entrusted all of us with different kinds of assets (finances, time, influence, relationships). Talk with God, your family, and your friends about how to view your resources, and what values you should have. Successfully acquiring wealth is one of the greatest advancements a family can have, but it can also trigger problems. Setting a financial finish line depends on how you view the assets you have, where your values lie with those assets, and what your overall goal is as an individual and as a family. Here are a couple of questions we answered from our callers on todays program: I have Coverdell accounts for my 3 daughters. When I access those accounts to pay for their tuition, do I make the payment directly to the college from the account or can I pay out of my own checking account and then reimburse myself for those funds? During COVID, Ive been attending church online. I have money set aside for tithe but no home church to give it to. Would it still be considered tithing if I used that money to give to those around me and help them in a time of need? For family and legacy resources, visit:https://www.ncfgiving.com/givingstrategy/ Ask your questions at (800) 525-7000 or email them toQuestions@MoneyWise.org. Visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 One size fits all may work just fine when youre buying bandanas or beach umbrellas, but its definitely not true if youre saving for college. Its no secret that were fans of 529 savings plans and there are plenty of good reasons for that. But today, financial planner and teacher Rob West says theres another option to consider. No doubt a 529 plan is a great, tax-advantaged way to save for college, but its not the only one. A Coverdell account is similar in many respects but has one advantage over the 529 plan that some folks might be interested in. Like 529 plans, Coverdell ESAs give families a tax-advantage way to save not only for college but also for elementary and secondary expenses. When you apply for college aid using the Free Application for Federal Student Aid (or FAFSA), both ESAs and 529s will be counted as family assets. ESAs have income restrictions and were really designed for low and middle income families. Your modified adjusted gross income cant exceed $190,000 for married couples filing jointly or $110,000 for single filers. 529 plans dont have an income restriction (although individual state 529 plans set their own maximum balance and those range around $235,000 to over a half million dollars). You might look at a 529 plan as similar to a 401(k) when it comes to investing your contributions. You can only invest in the options provided by the plan.A Coverdell ESA, on the other hand, is more like an IRA. In fact, they were actually called Education IRAs until 2002 when the name was changed. You can open an ESA at a bank, credit union or brokerage. And from there you can invest in almost anything, including individual stocks and bonds, real estate investment trusts, mutual funds, and exchange-traded funds. In 529 plans, you can only invest in traditional assets like mutual funds. So flexibility is the key advantage the Coverdell ESA has over a 529. There are disadvantages to ESAs. (1) Contributions are lower with ESAs. You can only put $2000 a year into an ESA, but that can certainly add up. If you did that starting when your child is born, with a 7% return, youd have almost $73,000 by the time he or she heads off to college. With a 529 plan, however, each individual can contribute up to $15,000 a year. (2) Theres an age restriction that the 529 does not have. You have to make all of your contributions to an ESA before your child turns 18. Then those contributions and earnings must be used before the child reaches age 30. That may not sound like much of a restriction, but it could be a problem for students who might consider grad school or especially med school which requires an additional four years of study. Finally, heres some general advice for folks who want to save for their kids education, and it applies whether you choose an ESA or 529 plan. Start early and put in as much as you can. That way youll get the maximum of compound earnings over the years. The goal is to borrow as little as possible for education. Its easy to borrow, but a lot more difficult to pay back student loans. Here are some questions we answered from our callers on todays program: Whats the best financial investment if I want to purchase a home in 10 years? Im 71 and want to buy a home. What do you think? What do you think about long-term care insurance? Ask your questions at (800) 525-7000 or email them atquestions@moneywise.org. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

  As you prepare for your future and look toward retirement, you might be also considering how you can help your grandchildren take care of college costs. What are the options when it comes to paying for a family member’s college tuition? How do you determine which option is the best fit for your retirement plans?  While it’s a great privilege to go to college, the truth is most people don’t have the means to get there on their own these days. On this episode, you’ll hear as I break down the common ways that prudent investors like you are using to ensure their grandchildren have help for college - you don’t want to miss a minute of this informative episode!  You will want to hear this episode if you are interested in... Common ways most people help their family members pay for college [1:15] What is a Coverdell education savings account? [8:00]  How 529 plans work and how to understand them. [12:30] Choosing the right plan for you. [14:00]  Closing thoughts [17:00]  Common ways to help your grandchildren pay for college Chances are, you didn’t have much help from your grandparents when it came to paying for college - why are things different today? While there are a ton of answers to that question - the fact remains that most people need some type of assistance when it comes to paying for college in 2020. I’ve taken the time to collect the common ways most people help their grandchildren pay for college so you can see them in one place and make the right decision for your family.  Pay your grandchild’s tuition directly.  Offer your grandchild a loan.  Pay off your grandchild’s loan after they graduate.  Buy a U.S. savings bond.  Set up an irrevocable education trust.  Set up or contribute to a custodial account.  Contribute to a Coverdell education savings account Open a 529 plan in your name.  Contribute to a 529 plan that has already been set up.  Which option is best for your family? What route are you more inclined to take? Have you learned about options that you’ve never heard of before? Make sure to check out the link in the resources section so you can go even further with this important topic!  Why it’s a good idea to use the 529 plan  There are some great options that are covered in my 9 ways to help your grandchild pay for college but I want to stress the fact that I like the options that use a 529 plan. Each person has to make the right decision for their family and their goals when it comes to their investments but I know that savvy consumers like you will use this information wisely. To learn more about helping your grandchild pay for college and to hear my expanded take on each of the ways mentioned, make sure to tune into this episode! Resources & People Mentioned www.savingforcollege.com Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact

In this episode, Steve explains both the advantages and disadvantages of using a Coverdell Education Savings Account to save and invest for college.  The next episode will cover 529 plans. #otot ototnow.com

People literally ask me this one question ALL THE TIME… “Allen, how did come up with such a lucrative, safe, and easy way to trade?” I explain it all in my new book Passive Trading, get your free book here  https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that’s exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer.  -- Hello, passive traders. This is Allen coming to you with another episode of the Option Genius Podcast. Today, I am a proud papa. Not because of something my kids did, but something I did for them. See, what I've already done is, I hope to be, something that will set them up for a very cushy retirement, or a very happy life. Let me tell you what that is. Now, I have three children, nine-year-old boy, another eight-year-old boy, and then a four-year-old daughter. And I don't want to happen to them what happened to me. See when I graduated high school, things financially were not really good for our family. And I was the only child, so going to college was kind of a no-brainer, you were just going to go. And my kids, they're going to go. They don't have choice, they're going. With all the high competition for the job market and everything, you just need to go and you need to learn and get out there and be on your own. And so, when it was time for me to go to college, I applied for several schools. I got into some private schools, but they did not offer me the financial aid package that I needed to go there because basically I needed them to pay for everything. The one school that did though was Florida State. And Florida State gave me a financial aid package where, I believe at the time I do not remember exactly, but I believe it was costing somewhere around $8,000 a year to go there, that included room and board, for two semesters. And they were giving me $9,000 as part of the package. Now, part of that, a couple thousand, that was loan under my name, but still they were actually giving me more money than I needed to go there. So I was going to have everything paid for, and I was going to have a little bit of cash in my hand, in the bank, so that I could spend it on candy or trips or to the beach or whatever. So, that was my only option. Now I'm going to Florida State. Wasn't my first choice and I did not enjoy it there. Nothing against the school, it just, for me emotionally, mentally, I was just not in the right frame of mind to enjoy it and take advantage of it, which I do regret to this day. But, I wasn't there very long because, at the end of the first year I had to drop out and come back home. My dad had just started a new business that he had no knowledge of how to run because it was all computerized, and so he'd basically told me I needed to stay home and work with him in the business, which is what I did. Okay. No worries. I'm not bitter about it, that much. But the point was that we did not have the money for me to afford the schools that I wanted to really go to. And if I had gone to one of the schools that I actually got into, things would have been way different in my life. Now, I'm not complaining because I love my life, so everything I guess happened for the best. But for my children, I would like them to be able to go to the best school that they get into, whichever school they want to go to. Whether it be around the block or across the country. I don't want finances or money or lack of money to be the reason why they don't go to the best school and get the best education that is possible. And so, I don't know what school they're going to go to, but my oldest he asked me one day, he goes, "Hey dad, what's the best school in the country? What's the best college in the country?" I'm like, "Well, probably Harvard." He goes, "Okay, then I want to go to Harvard." And that was it. Since then, anybody asks him, "Hey, where are you going to go to college?" He goes, "Harvard." He's like, it's no big deal. He doesn't know how competitive it is. "Hey, I'm going to Harvard." I love that confidence in him. I told him, "It's going to be hard." He goes, "Yeah, no problem." That's a nine-year-old. Awesome. I love it. So as dad, as the finance guy in the family, my wife doesn't really worry about the finances, I do, so I need to figure out how we're going to pay for Harvard. Which when he gets there, it's probably going to be, I don't know, $300,000 a year? And plus now, I have three of them. So, you know it's going to be close to a million dollars that I'm going to be paying for college. So how am I going to do that? Geez, that's a lot of money.  I started looking into college savings plans. What are the different options out there? You got the 529, you got the Coverdell, you got some other stuff. Doing my research, and I came to the conclusion that, I think that the best thing that I could do for them is to open up Roth IRAs. Now that might be sounding a little weird, right? A Roth IRA for a kid? How do you do that? They have to have income? Right. They have to. They do have to have income. They have to have a job. So that was an obstacle that we had to overcome. Okay, what job can we give them? Well, lucky for me, my wife has another business, which is a daycare. And on the daycare, we have to have pictures of happy children on the website, in the marketing materials, the brochures, the pamphlets, that things we hand out. And so, why not instead of paying other kids for their pictures or stock pictures or whatever, why not we pay our own children? Take their pictures professionally, and have that in our marketing materials? So that is what we did. So, we had professional pictures taken. We do it every year, and we have those pictures as part of our marketing plan. And so the kids get paid for this. Now, currently the tax law says that if your child is working for you or if your child was working anywhere really, they can get paid up to $12,000 a year without having to pay any income tax. Now, going to give you a disclaimer here, check with your accountant on this. Talk to your accountant, and talk to your tax professional, whatever, make sure this is correct. This is what I been told. And so you can do $12,000 a year without paying any income taxes. And, if you're earning money, you can put $6,000 a year into an IRA, whether it's a Roth or a regular IRA. Now for them, obviously I chose the Roth IRA because they're not paying any taxes on the income anyway. And so the money is paid to them tax-free. It goes into the Roth IRA, and there's no tax there. And then later on, when it actually comes out, after they retire or whatever age, 65, they take the money out of, it should come out of their tax-free as well. So you kind of get like a triple whammy here. So I really love this idea. I think it's one of my better ideas I've ever had. And so one of the ways that you can actually pay for college is that you can withdraw the money that you put in the IRA for college. In fact, if you look at the rules of how the Roth IRA works, any money that you put in, any deposit that you put in, you can withdraw that money at any time. So let's say you put $5,000 into it. You can take that $5,000 back. The gains, if that $5,000 goes to $6,000, you cannot take that extra $1,000 out. If you do, you have to be taxes and you have to pay fees. So that you don't want to, because you don't want to pay the fees and taxes until you can at whatever the age is, I believe it's 65, when you could start taking money out of your Roth IRA. Or 59 and a half or whatever the number is. You find a way to get your child paid for work that they're actually doing. And in my case, they're models. If you have your own business, they could work in your business doing accounting, bookkeeping, maintenance, anything. And that money that they get paid, you don't have to pay income tax on it, and it goes straight into the Roth IRA. And then if you need to, and I'm hoping that I will not need to do this, because I'm also investing in 529s for the children, and I'm hoping that I'll be able to use the 529s and whatever money I have at that time to pay for it so we don't have to touch the IRA. But I'm investing in the IRA first. And then once I do that for all three of them, then I put money in 529s every year for two of the children. So, I put about $5,000 each, for each child. So currently each child has $20,000 in their IRA. I've been doing it for four years. The accounts haven't really gone up very much in the last four years. They're going up, they went down, maybe I'm picking the wrong stocks. I don't know. But for whatever reason, they're roughly based on where they started. And even this year, we had a 35% bear market. It's still about the same. Now, one thing I briefly mentioned earlier, you can take money out of an IRA that you deposited. So when it comes times to college, we're going to use the 529 funds first. Use up all that money, because that 529 can only be used for educational expenses. And that's why I only have two of them. So, the older kid, he's got his account. And the middle kid, the eight-year-old, he has his account. For the baby, I'm not putting in yet, just in case. I don't want to have too much money in the 529. Because if the three of them don't use it up, then we have to take it out and pay fees on that and all that stuff. So I don't want to bother with that. So I'm going to use the 529 money up first. Then my own money. And then if that's not there for whatever reason, then we'll tap into the IRAs and take money out of there. My hope is, we never have to, and this money just sits there and it grows and grows and grows until age 65. Over the weekend, I got to thinking, I said, "You know, $20,000, that's a lot of money. I wonder how much it can going to be?" So I went to one of my favorite sites, investor.gov, and they have this wonderful, easy-to-use compound interest calculator, investment calculator, whatever you want to call it. And so, I wanted to see what their results would be. And I plugged up the numbers and I said, "All right. For my oldest, he's nine years old, he's got 50, what, 56 years left, until he's 65." So I typed it in, beginning balance $20,000. Monthly contribution, zero. If I don't put in another penny into his account, he's got $20,000 now. If he gets nothing, and since it's invested in the stock market, I think it's going to get about 8% average return for the year. If we don't invest any more money, if he only gets 8%, not more or less, but averages 8%, when he turns 65, he is going to have an account worth about $1.5 million. Without doing anything. The money's in there. It's been put away. It's just going to compound the way the stock market has been compounding for the last couple hundred years, and he should be worth $1.5 million at age 65. And that blew me away. I was like, "Holy cow. That's awesome. My kid's a millionaire. He's nine years old. He's a millionaire. That's going to be, oh, I'm so happy." I'm so proud of for myself that I've been able to do this. So [inaudible] what about the four-year-old? She's going to have even more time to compound. So I added her numbers, and she's going to have over $2.1 million when she turns 65. $2.1 million. Oh my God, that's incredible. Never in my wildest dreams, did I think I would be able to do this for my kids. And by that time, by the time they're 65, is another 60 years from now for her. 61 years from now, life expectancy is not going to be around 80-85 where it is now. It's probably going to be like 120-130 years. That's life expectancy at that time. So, she's just going to be getting to her mid-life crisis. She's got half her life ahead of her, and she's got over $2.1 million in the bank just sitting there that she can use. I hope these three kids, I hope they don't blow it on some fancy, flying sports car or something. Their fancy, flying Lamborghinis or whatever they're going to have at that time. That'd be insane if you waste it. But I'm so excited. I'm so happy. And if I keep adding to the account as I plan to, the results are going to be much, much better. Who knows? For another few years, still add money in. Maybe it's $40,000 that I put in there. They could have close to 5, 8, $10 million. Jeez. And if I trade options for them, which I'm not doing now. Right now, I'm just putting it in certain stocks and ETFs. But if I trade options with them, the results are going to be even much better. Much, much better. But my plan is to use the accounts to teach them how to choose their own stocks and how to trade options on their own. So they're going to have their own net worth. They're going to not ever have that feeling of being poor. They're going to have money. Now, I'm not sure of ... I'm going to have to structure it in a way that they don't get access to it right away. I'm going to have to talk to my attorney about that. Because I don't want them to become 18 years old and be like, "Oh, I got all this money in my IRA. I could just take it out and go blow it." Go get married to some girl and live it up in Vegas or something. I don't know. Hopefully that never happens, but we'll have to figure out a way that they don't access it like that. But the plan is to teach them how to use this money so that they can trade for themselves, and then that way they never have to work for money. They can go to college, whichever college they want to go to. They can study whatever field that they want to go to. And they can get whatever job that makes them happy and not have to worry about having to pick a job for the money. Because there's too many kids out there right now, they don't know what to do. The markets and everything are, in the future, in AI and computers and everything. Robotics is just making everybody go nuts. Nobody knows what's going on. Nobody knows what the future is going to be. And so people are scared and they're full of anxiety, especially college kids. And so I would like to give this skill to my children so that whatever future comes, they know they can go in and they have a skill where they can constantly generate income without having to work for it and without having to go to school for it. So that's the thing that I'm planning on teaching them. But for right now, I'm proud papa. I am happy. I'm excited that my kids are going to have this much money. Originally I was thinking that I was going to get life insurance in large amounts. If anything happens to me right now, I want my kids to have at least a million dollars. So I was thinking, "All right, I'm going to go get a $3 million life insurance added to whatever I have already." And be like, "Okay, it'll go to my wife. But then my wife will know that each kid gets a million bucks, because that's the gift that I want to give them. But then I realized, "Whoa, I've already given them the gift. I've already given them over a million dollars. Each of them." And so, that's something that I'm really excited about, really happy. If you have a young child, you can do the same thing. Maybe you can't do it in a Roth IRA. That's fine. Start with the 529 plan if you have to. Or fill up your own Roth IRA first, and then if you have to, you can give that Roth IRA as, when you pass away, that money can go to them. There are different ways to do it. Talk to your accountant about it, or talk to a tax professional about how to doing it. But time is of the essence. The sooner you start, the more the money compounds. The sooner you learn to trade, the more money you have to do this. And so, I just wanted to share that success story with you. One of the things that they wanted, I told them I was going to do this podcast about them, and they always get excited when I talk about them in the podcast. But I told him I was going to say this stuff, and they told me to make sure that I tell you guys how I picked a stock. So I invest in different ETFs and stocks for them. But now that they're a little bit older, the eight-year-old and the nine-year-old this year, they got to choose what stocks that they wanted. So the nine-year-old, he picked Facebook. And the eight-year-old, he picked Google, because he's really big into YouTube. He loves YouTube. The older one, he's more logical. And so they don't use Facebook yet, but he thinks that Facebook is growing. And so, hears a lot all over the news and everywhere. So he's like, "Facebook is good and I want to buy Facebook." And the nine-year-old, he actually looked at the stock charts. He's actually looking at stock charts. When I watch the financial news on TV sometimes at home, he'll be sitting there watching with me and he'll look at the tickers on the bottom and he'll be like, "Oh, this stock went up and this went down. This went up. This went down." He logged into my Thinkorswim and he looked at different stock charts. And he was the one that picked Facebook because of the chart. And for my four-year-old, I bought some Disney because she is, right now, she's an Elsa fanatic. She's a Frozen fanatic. All day long, every day, she just singing and singing and singing and is driving me nuts. But she is crazy about Frozen, and so Disney is a big thing. So I bought her some Disney, but I also have added some ETFs. Some index ETFs like SPY and IWM to balance it out and we'll see how it goes. But, this is what I'm doing. I just wanted to share it with you and say, "Hey, if this is something you can do, do it." Talk to your accountant. Talk to your tax person. If you have a financial planner, ask them if this makes sense. For most people that are planning for college, it does. You have to be able to have the money put aside in the Roth IRA. The kids have to earn it. But if you could figure out a way to earn it, maybe you know somebody that has a company. Maybe you own a company. Or maybe you even start a part-time company, just so you can do this. It doesn't take a lot of money to start a company. It's not very hard. So I think the rewards of having tax-free money put into a Roth IRA so it grows for 60 years or whatever tax-free, and then you take it out tax-free, you never have to pay taxes on that money or the growth of it, I think is definitely worth it. I think it's one of the biggest loopholes that, for some reason, it's not talked about. Some people know about it. I know definitely the rich people know about it. And so hopefully you can take advantage of it as well. All right, folks. So take care. Trade with the odds in your favor. -- LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

Do you want to save for your child (or future child's) college? There are a lot of options for you to choose from. We talk about 529 savings plans, 529 pre-paid plans, education savings accounts, Coverdell accounts, Uniform Gifts to Minors and the Uniform Transfer to Minors Act, and EE Savings Bonds. As well as a few non-traditional choices, such as, Roth IRA's, 401(k) loans, and home equity options. Whatever you decide, it is important to start soon if you hope to provide significant financial assistance towards your child's college funds.

Even if the children are still in diapers, it’s likely you are already thinking of how you are going to save for their college education. In this episode Hunter and Judson offer clarity on how much to save, and different vehicle options available to do it. Coverdell or 529, the hosts share what to look for and what to avoid in a state sponsored plan. They shed light on the average cost of college, best ways to save and what to do with those left over funds.

Do you know the difference between a Coverdell education account and a 529 account? The biggest credit score myths finally debunked! 30-year mortgage vs a 15-year mortgage. These topics and more on our this week's radio show/podcast at https://www.nelsonfinancialplanning.com/broadcasts/originally aired 10/27/19

Do you know the difference between a Coverdell education account and a 529 account? The biggest credit score myths finally debunked! 30-year mortgage vs a 15-year mortgage. These topics and more on our this week's radio show/podcast at https://www.nelsonfinancialplanning.com/broadcasts/originally aired 10/27/19

Saving for college educational needs is getting more and more daunting with tuition inflation going on. There are quite a few savings vehicles that can help you start setting aside money and getting the benefit of tax deductions for your children, grandchildren, or even for your own education. In this episode, you will get to tune into the webinar I hosted on this topic, where I will be explaining all of these options. There are significant benefits that come along with using some of these savings options for your beneficiary’s education fund, but there are important aspects to understand in order to make sure you’re using them properly and not missing out on the deductions available. Listen in if you are looking into ways to save for education, as this will help you discover your options, learn how they work, and understand how to get started saving. You can find show notes and more information by clicking here: https://bit.ly/2Gf0qhS

908 What Is a Coverdell ESA --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

During this call we interview Jason Debono the Vice President of Nuview IRA. Nuview is a custodian for accounts like IRA's, 401ks, Coverdell's and more. Instead of limiting your investment options to mutual funds like most companies they allow participation in investments such as gold, real estate, businesses and more all within your retirement account. The conversation with Jason covers what a self directed account is, how investors can use it to diversify their investment portfolio, pay less taxes and what rules must be strictly followed. Resource Links from the Call Nuview IRA with Jason Debono Keep It! Advanced Tax Strategies for IRA's by Joe Luby   Remember to Like and Subscribe!    

We have the freedom to choose to do whatever we want; the same goes for investments. Jason and Robert talk about which markets to invest in and which markets to avoid. For them, you can invest in real estate with your IRA, with your health savings account, and with your Coverdell which is an education […]

We have the freedom to choose to do whatever we want; the same goes for investments. Jason and Robert talk about which markets to invest in and which markets to avoid. For them, you can invest in real estate with your IRA, with your health savings account, and with your Coverdell which is an education account. You can also do it with your 401(k) and with a Roth. Moreover, Jason and Robert give advice about being wary of joining some clubs where there’s no growth in the investment.

Episode #27 - How do you plan to save for college for your kids or grandkids? This episode shares a real-life case study of how I plan to use two properties to save and pay for college with real estate investing. For a companion article & show links visit: https://www.coachcarson.com/save-for-college-real-estate-investing/   -------------------------- :) If you want to support the show, here are some easy ways: 1) Leave an iTunes review: https://coachcarson.com/itunes 2) Subscribe to my email newsletter at https://www.coachcarson.com/newsletter/ 3) Most importantly, find your friends, coworkers, and family members who may be open to this message and tell them about the podcast! Here's to doing what matters!

IRA Financial Group’s Adam Bergman discusses the Coverdell Education Savings Account and the ability to self-direct it.

529 Plan Vs. Coverdell Educations Savings Account W/ Prince Dykes College Savings Options - Savings Options For College The Investor Show is an financial literacy and commentary show that features a number of investors, financial experts, professional athletes, business owners and more. The views of each video are not advice. Merc Store: https://streamlabs.com/royalfinancial... Books: https://amzn.to/2IXCO0P Email: askprince@royalfinancials.com Facebook: https://www.facebook.com/theinvestors... Instagram: https://www.instagram.com/theinvestor... Workshop: http://www.theinvestorshowtv.com/videos/ Podcast: http://www.theinvestorshowtv.com/podc... Twitter: https://twitter.com/royalfinancials Website: www.theinvestorshowtv.com

About Tania Horowitz FukudaAgent & Financial Services Professional with New York Life Insurance Company and NYLIFE Securities LLC, (Member FINRA/SIPC).Specialties: Protecting women & children with solutions related to insurance and financial needs. PERSONAL BIO & MISSIONTania is a financial planner with a unique holistic approach combining traditional and Sustainable Responsible Impactful strategies. Her unique approach is both the result of her alternative upbringing and inspiration from her community and her clients.Being raised vegetarian and pursuing studies in Asian philosophy, history and languages, creative arts and later yoga and capoeira have given Tania a broad range of knowledge and experiences, and overall a more inclusive perspective on life. Coupled with her training in securities, insurance and financial planning, this perspective allows her to bring a more holistic and balanced approach to her financial services.The birth of her daughter marked the beginning of her journey into the financial industry, which started with the purpose to educate and empower herself for the sake of her daughter’s future. However, as she continued on this journey of financial freedom, her deep connections with inspiring clients allowed her to discover her true purpose in this industry: combining the best of both worlds to empower & educate her community, that is, women & holistic-minded entrepreneurs.SPECIFIC SERVICES -Retirement planning (IRA, ROTH, 403b, 401K, pensions, etc.)-Family protection (life insurance, debt management, long term care, etc.)-College Planning (529, Coverdell, etc.)-Sustainable Responsible Impactful (SRI) investment strategies-Tax diversification and risk diversification-Business protection (disability insurance, key-man insurance, etc.)Tanya's Links:FB personal FB PageLC's Links:Light of Conscience Community on FacebookClub LC : Reiki, Connection, Kundalini Yoga, Self-Mastery Circles, Spiritual GrowthMusicWebsiteFacebook PageInstagramWant a free guided meditationfor Patience and Trust?Get on LC’s list HERE See acast.com/privacy for privacy and opt-out information.

Third installment of the Daddy Finance series. Today I cover the details of a Coverdell ESA and the benefits and primary uses.

In this week's episode we speak with Eric Tanenblatt, who is the Global Chair of Public Policy and Regulation of Dentons, the world's largest law firm.  In our conversation, we discuss Eric's career in politics at the state and federal levels, as well as the work Dentons does in the government affairs space for clients all over the world. Eric grew up in New York, but has lived in Georgia most of his adult life, after attending Emory University in Atlanta Eric got his start working in the 1988 presidential primary for then Vice President George H.W. Bush He then went on to work for the U.S. Dept. of Health & Human Services, followed by a stint working for the Peace Corps Eric left his position with the Peace Corps to serve as state director for former Peace Corps Director Paul Coverdell's run for the U.S. Senate in 1989 After Coverdell's election to the U.S. Senate, he served as Coverdell's state director  After working for Sen. Coverdell for years, he joined a public affairs firm and then eventually transitioned to Long, Aldrich, & Norman, which at that time was a predominantly Democratic law firm Eric served as the State Chair of the 2000 George W. Bush campaign, and then served as Georgia Governor Sonny Perdue's chief of staff during Perdue's first year in office While serving as Perdue's chief of staff, he helped reorganize Georgia's state government After leaving the Perdue administration, Eric returned to Long, Aldrich, & Norman, which was later renamed "Dentons," and has since become the largest law firm in the world Eric is the head of the firm's global public policy practice, which includes the fifty state "Dentons 50" network The Dentons 50 network allows clients to manage multi-state campaigns easily and efficiently  Eric has become a thought leader in the electric and autonomous vehicle space in recent years Help us grow! Leave us a rating and review - it's the best way to bring new listeners to the show.  Have a suggestion, or want to chat with Jim? Email him at: Jim@theLobbyingShow.com Follow The Lobbying Show on Facebook, Instagram, and Twitter for weekly updates about the show, our guests, and more.

If you want to save for your kid’s education but have no idea how or are confused by all the different plans out there, then this show is a must listen. Abby Chao joins me to discuss the pros and cons for Coverdell, UGMA (Uniform Gift to Minor Act) and 529 accounts. With each state pretty much having their own plan, we highlight a few 529 plans that are our top recommendations based on some general assumptions. College Backer was kind enough to give all listeners a $25 match into the account that they set up if they go to collegebacker.com/financialresidency. I encourage you to go there and sign up for an account today. Make sure to subscribe to get our free templates!

Brad Baldridge is a late-stage college planning specialist. He helps parents of high school students plan and pay for college using strategies such as merit aid, need based aid, tax planning, savings and investing for college, negotiating with colleges, scholarships and loans. Over the past 10 years Brad has directly helped hundreds of families plan and pay for college. He has provided in-depth college plans resulting in increased financial aid, scholarships, identification of the right schools at the right price, and better loans.• Coverdell has low contribution limits (2k per year) but the good thing is that it can be used for a wider range of education expenses• 529 is State sponsored and some states have special breaks based on where you live• Do the Coverdell first and then the 529 in most cases• Tuition, fees, computer, room and board, prescribed supplies, and groceries. Up to the cost of what the dorm would be. Sorry no beer• Need to start before high school or even when a toddler• You can transfer it to another brother or sister• Its rare to have too much money in a 529• Consider making a higher rate of return outside a 529• A 529 has a menu of choices just like the 401k• Show that you own nothing so that you don't make to much money to qualify for financial aid• The net value is what is important for financial aid• The look back is two years (prior prior year) but this changes from time to time• What about putting funds back in the grandparents generation? Gifts from grandparents are reported by income. So time it for the last year of college.• Can't use trusts to hide the asset, but can use irrevocable trusts• There are tax credits but check your taxable income so you don't phase outCheck out my Free Resources Below:1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!More info: www.SimplePassiveCashflow.com/fund2) Join a Social Club:Seattle Social ClubHawaii Social ClubPortland Social ClubBay Area Social ClubSo Cal Social ClubEast Coast Social ClubCentral USA Social Club3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube4) Once you have gone through the majority of podcasts feel free to sign up for a chat:20 Minute Chat with Lane5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email Lane@simplepassivecashflow.com if you want to try them out.More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k7) Please leave a review for the podcast!8) Coaching Program to get you to your first rental in 90 days!9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:10) Summary of every Simple Passive Cashflow Podcast See acast.com/privacy for privacy and opt-out information.

Now with 1000% more pumpkin spice! Cozy up with our all-mailbag episode and Ross Anderson from Motley Fool Wealth Management. We’ll cover transferring a Coverdell, consolidating 401(k)s, timing the market, living off dividends and more. Also, Alison asks for travel advice…again (because the first time was so successful!).

WBZ's Dee Lee talks about ESAs for college savings.

There are some incredibly powerful tools to use as a real estate investor that you may have not used yet. Specifically, there are some super powerful ways to beef up your children's (or grandchildren's) education accounts that offer some incredible tax advantages. The same can be said for helping offset the cost of your health care. Clay Malcolm joins us today to get specific...and teach or remind about Self Directed Coverdell accounts and self directed health accounts. Don't miss this FlipNerd Expert Interview episode! Get your copy of our FREE "Profiting with Rental Properties" Guide!

In the last Ask Farnoosh of 2016 I answer your biggest questions about Employee Stock Purchase Programs, converting a Coverdell Education Savings Account, commission-free ETFs and more. For more information visit www.somoneypodcast.com.

"This is episode #326, and my guest today is Jim Ingersoll. Jim is an investor out of Richmond Virginia, a coach, and also has his own real estate investing podcast. Today we discuss a very powerful topic….paying for your health care expenses. We've had other shows on using self-directed accounts to invest, but Jim is a practitioner, and her to share how you can use self-directed Health Savings Accounts to pay for your deductibles and other medical or health care expenses…with real estate, and generally, tax free. By the way – you can do very similar things to pay for your children’s education as well…given what’s happened with health care expenses in this country, and how it’s probably impacted you and your family…you want to listen closely to this show! Please help me welcome Jim Ingersoll to the show. Get your copy of our FREE "Profiting with Rental Properties" Guide!

"This is episode #326, and my guest today is Jim Ingersoll. Jim is an investor out of Richmond Virginia, a coach, and also has his own real estate investing podcast. Today we discuss a very powerful topic….paying for your health care expenses. We've had other shows on using self-directed accounts to invest, but Jim is a practitioner, and her to share how you can use self-directed Health Savings Accounts to pay for your deductibles and other medical or health care expenses…with real estate, and generally, tax free. By the way – you can do very similar things to pay for your children’s education as well…given what’s happened with health care expenses in this country, and how it’s probably impacted you and your family…you want to listen closely to this show! Please help me welcome Jim Ingersoll to the show. Get your copy of our FREE "Profiting with Rental Properties" Guide!

Welcome to episode 27 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. Dyches Boddiford, real estate investor and educator, shares his wealth of knowledge with Jefferson and Brad in a two part interview. If you missed the first part of the interview, check out episode 26, where Dyches talks about his background, having nearly 4 decades of experience investing in real estate, and how he uses land trusts and personal property trusts to protect his assets. Today, in the second part of the interview, you’ll hear more about how Dyches uses tax-advantaged accounts such as self-directed IRAs, health savings accounts and educational savings accounts to own real estate, and more.     Key Takeaways: [2:02] The best ways to buy real estate using more tax-advantaged accounts such as IRAs, solo 401(K), Coverdell ESA, and HSA. [2:55] You’ve got to understand the prohibited transaction and disqualified party rules before starting to do self-directed investments.  [7:59] Dyches talks on rules pertaining to the Coverdell savings account. [10:23] Discover more tax saving advice from Dyches. [13:14] Dyches shares some major lessons learned from his nearly 4 decades of experience in real estate investment. [15:37] Contact information for Dyches Boddiford.   Mentioned in This Episode: Park Street Partners www.parkstreetpartners.com Mobile Home Park Investors www.mobilehomeparkinvestors.net Park Street Partners - Investment Opportunities Park Street Partners - Resources Mobile Home Park Investors Mobile Home Park Investors Group on LinkedIn Email your deals to: deals@parkstreetpartners.net Dyches Boddiford

Jonty Yamisha brings 15 years of experience working in corporate development, strategic planning and global business development to Coverdell. In his role as CMO, Mr. Yamisha oversees the design and implementation of growth and innovation strategies for Coverdell.H worked with FTI Consulting, and Marsh, Inc., the world’s largest risk advisory and insurance brokerage business.Mr. Yamisha holds a degree in International Studies from Vassar College, and an MBA from NYU Stern.This show is brought to you by Talk 4 Radio (http://www.talk4radio.com/) on the Talk 4 Media Network (http://www.talk4media.com/).

Jonty Yamisha brings 15 years of experience working in corporate development, strategic planning and global business development to Coverdell. In his role as CMO, Mr. Yamisha oversees the design and implementation of growth and innovation strategies for Coverdell. Previous to his current position, Mr. Yamisha founded and was CEO of the Kabardian Group, a consulting firm specializing in the simplification of business to accelerate revenue and reduce costs. Previous to that he worked with FTI Consulting, one of the top restructuring and operational improvement firms in the world and Marsh, Inc., the world’s largest risk advisory and insurance brokerage business. He started his career as an entrepreneur, starting and selling half a dozen small ventures, then becoming a consultant at Oliver Wyman (formerly Mercer Management Consulting). As a member of the insurance strategy group, he worked with a range of life, health and P&C carriers, and a number of large affinity organizations including AARP. He is also a contributing writer to the Nassip Foundation. Mr. Yamisha holds a degree in International Studies from Vassar College, and an MBA from NYU Stern.

Today, we take a look at one of the most misunderstood and underutilized accounts in your tax-planning aresenal. The Coverdell Education Savings Account can be incredibly useful as a tool for you to pay for: elementary school expenses secondary school expenses homeschool expenses (in some states) college expenses vocational school expenses and more! Perhaps more importantly, there are very few things you can't use as an investment in the account. You can choose to invest in: real estate notes tax liens companies  precious metals etc. But what about the income limitations? Meaningless. You can circumvent them so easily they're utterly meaningless. This account is constantly criticized as being useless. Check out my discussion of the details and see if it deserves the criticism. Enjoy! Joshua Links: IRS Publication 970: Tax Benefits for Education Estate and Gift Tax Treatment of a Coverdell Account

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