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"How Smart Investing Can Pay for College with SC Treasurer Curtis Loftus"

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Manage episode 505336070 series 1270277
Content provided by Audacy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audacy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Join us as we sit down with South Carolina State Treasurer Curtis Loftus to discuss the Future Scholar 529 College Savings Plan, a program helping families save for higher education with tax advantages and incredible flexibility. Treasurer Loftus shares his personal story of setting up a 529 account for his daughter, Treasure, and watching it grow into a five-figure college fund—proving that consistent contributions, even small ones, can make a huge difference. He breaks down how the plan works like a state-tax-deductible IRA: contributions grow tax-free, and withdrawals for tuition are also tax-free. The program isn’t just for college-bound high schoolers—funds can be used at accredited colleges, trade schools, and specialty programs nationwide, and even applied toward student loan repayment or rolled into a Roth IRA. Grandparents, friends, and extended family can contribute, too, giving everyone a chance to help make education more affordable. With over 200,000 participants and $7 billion in assets, Future Scholar demonstrates how smart financial planning can prevent debt and give students a head start. Treasurer Loftus walks through how easy it is to sign up at futurescholar.com and why this program has become a game-changer for South Carolina families.
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629 episodes

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iconShare
 
Manage episode 505336070 series 1270277
Content provided by Audacy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audacy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Join us as we sit down with South Carolina State Treasurer Curtis Loftus to discuss the Future Scholar 529 College Savings Plan, a program helping families save for higher education with tax advantages and incredible flexibility. Treasurer Loftus shares his personal story of setting up a 529 account for his daughter, Treasure, and watching it grow into a five-figure college fund—proving that consistent contributions, even small ones, can make a huge difference. He breaks down how the plan works like a state-tax-deductible IRA: contributions grow tax-free, and withdrawals for tuition are also tax-free. The program isn’t just for college-bound high schoolers—funds can be used at accredited colleges, trade schools, and specialty programs nationwide, and even applied toward student loan repayment or rolled into a Roth IRA. Grandparents, friends, and extended family can contribute, too, giving everyone a chance to help make education more affordable. With over 200,000 participants and $7 billion in assets, Future Scholar demonstrates how smart financial planning can prevent debt and give students a head start. Treasurer Loftus walks through how easy it is to sign up at futurescholar.com and why this program has become a game-changer for South Carolina families.
  continue reading

629 episodes

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