This is episode 16, and today we are answering the question, Should You Put A 529 Plan In A Childs Name?
529 Plans have become one of the preferred college savings options over the last decade. They offer so many benefits not only in heir tax treatment, but also in their ability to change over time to fit the needs of investors and many are now FDIC Insured, just like a bank account.
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Today’s Episode is all about #529Day, a day to celebrate and promote the 529 college savings plan’s offered by states across the US. In this episode, we talk to Andrea Feirstein, a leading consultant to more than half of the state 529 plans across the country, including the consistently ranked #1 Utah Educational Savings Plan. In addition we talk again to Julie Shields-Rutyna from the Massachusetts Educational Finance Authority about 529 Plans and about allowing others help out when starting your 529 savings plan.
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Download The Episode:Â Ep05 May 29, 2012
Every year grand parents across the country who can afford it leave their grand children with financial bequests to aid in their college education. Many more simply send grandchildren a savings bond each year in their name. What many don’t know is that these bequests, while sent with the best of intentions, could be killing your students chances at receiving need-based financial aid. However, there are a couple of easy strategies to use to make sure that grandma’s gifts go to good use while not hurting students chances at receiving need-based aid. more after the jump…
Just became a HUGH fan of #529Plans after interviewing @jshieldsrutyna from @MEFATweets about UFund;#collegeaffordability http://ow.ly/aX25O Check out my interview tonight via my Podcast Channel!
College Money Man Podcast 