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College Savings and 529 Plans - What You Need to Know
Manage episode 503905276 series 3428540
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With the cost of college in the US skyrocketing, many parents find they need to begin saving almost immediately if they want their children to be able to attend. One avenue for doing that is the 529 Plan, which comes with both benefits and costs.
Lately, though, the 529 has become less popular among savers. The reasons? Tuition costs, market uncertainty, and no guarantee that a job will be waiting for their kids when they graduate, among others.
So now the question remains: Is the 529 Plan still a good college savings vehicle? What are the rules, and what other potential options exist? Find out what you need to know from host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!
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