Today we’re talking about the 529 college savings plan explained. So I’m going to go through some of the significant points of the …
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Today we’re talking about the 529 college savings plan explained. So I’m going to go through some of the significant points of the …
source
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very good explanation thank you!
So the money is only allowed to use funds for school ?
Just started one for my child who was born a month ago. Hopefully things work out and he has opportunities I didn’t or that I squandered.
My child is about to start college put of state fall 2024, is to late for me to enroll in a 529 plan, and if not can you guide me which direction to go in?
What type of short term investment plan would be good for 5-10 k over a year or two years before withdrawing to apply an education?
Its awful that the limit is 15,000 annually. What if the school is $100,000 per year and my son is turning 8. I want to send him to private high school. So I only have five years to get to $400,000. I gotta get a lawyer to look at that. I guess its never too early to start saving folks. Looks like I'm too late.
I hope I can use it to put my kids in private school. 😬
Can you change beneficiaries?
I wish i would of known to start this 16 years ago. Now i feel its to late to start daughter is 16 now. Im still in debt of my own college education. Wish my parents would of known of this.
what if you put money into a 529 but your child and everyone else in your family including yourself do not want to attend college. Can you get your money back tax free?
Can multiple people contribute to a 529 plan?
Hello my son in grade 10 right now,but i never know about 529 ,but i save some money in the bank for his college,but not much ,so what advice you can give to me please.
It looks like the 529 plan is tisky for few reasons, if my kid at the end find another way to have a career than going to college, I will have to ay taxes on those saving. What kind of interest return can I get from a 529 plan? What other ways are to save for college?
Thank you for this video. We are just starting to fact find. If say a child decides they want to go to a culinary school, would you suggest contacting that school directly to see of they participate?
I feel like I’m behind. My daughter is about to be 13 and my youngest is almost 3 I need to get started right away!!! Knowledge is power for sure!
YOu don't know how to simplify the 529 — its more complicated from your explanation
This was the best video gzzzzzzz
i thought Tom Hardy was about to give me some financial advice
But what if you kiddos don’t end up going to college 😓 what then?
In all seriousness, I’m considering just having my kids take out student loans because at some point they’ll be forgiven across the board. It comes up every few years.
was doing some research on savings for college …the algorithm re-directed me to this page ….
Here is the blog post of the 529 College Savings Plan Explained https://bit.ly/3qxZe0e
From my understanding, if I'm a part time graduate student and name myself as the beneficiary, I can use the funds from the account to pay for rent, utilities, internet, computer, etc. Am I understanding this correctly or am I missing something?
I need to do this.. My oldest starts going to college in 11 years she's 6 years old right now and then I have my youngest which is about to turn 3 this month but I want them to give them more opportunity that my parents weren't able to do, both of them did not go past high school and so because of that they could not really help me pay for my college so I didn't go which is now struggling trying to get the money and get shit together now to get back to college and I don't want that for my kids so this is a great tool for me to save money for my girls so they can go to any college they want and have options open instate or out of state and they can go wherever they're dreams and hopes desires
What do u think about U nest?
Helpful, thanks!@
Can you also invest the money you put in 529 in stocks, etfs while it’s sitting in there?
Just started watching your videos today. I’m right in the middle of kids and college plans. Great information for an investment newbie such as myself. Thanks!!!
About to start this for my 1 year old 😌
My daughter just started grad school. I prepaid her tuition and school fees as well as books, modules, etc. So far I have about $12,000+ qualified expenses. What happens if I take funds from my account that ends up exceeding the cost of this year’s college-related expenses? Will I get penalized for the unused portion even if it’s my own post-tax money I set aside? Is there a limit on how much per year I as the owner can take out? I know that it’s just the interest portion that will be taxed IF not used for college-related expenses. If I took $20K, would that mean I’ll be in trouble (penalized through taxes) for interest of the $8K if not used up for qualified expenses this year?
The money left in the 529 plan after school..we’re should it be put into thank you
What about Trade Schools and/ or coding schools. Can 529 fund non-traditional post secondary education?