The BEST His and Hers Financial Literacy Podcast for Millennials
April 3, 2024

43: How to Capitalize on Tax-Free Growth for Education with 529 Plans

43: How to Capitalize on Tax-Free Growth for Education with 529 Plans

Ever wondered who can open a 529 college savings plan and reap the benefits of tax-free growth for education costs? In this episode, Jessica and Brandon peel back the layers of this powerful tax advantaged savings tool. They dive into the recent changes that make 529 plans more flexible than ever, illustrating how they can be a game-changer for your family's educational funding—whether it's for a traditional college route or alternative educational paths, like vocational school.

Getting a head start on college savings isn't just a nice idea; it's a strategic move that can define your child's educational opportunities.

Tune in for a wealth of knowledge that could transform the way you approach saving for education.

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Notes from the show:
Investopedia: 529 Plans

Chapters

00:00 - Understanding 529 College Savings Plans

06:53 - Planning for Education

13:22 - Comparing 529 Plans in Different States

22:44 - Maximizing 529 Plans for Education

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Tax-Free Growth for Education with 529 Plans

Understanding the intricacies of funding education can be daunting for families. The introduction of 529 college savings plans has revolutionized the way we can prepare for these expenses. Our recent podcast episode delves into the versatility and s…