Welcome to episode 189 of Profit Boss® Radio! In this episode, we’re talking about saving for college and career training–and how to use 529 plans to make this daunting task more manageable.
There are a lot of reasons you might want to use a 529 plan. These plans allow Americans to save for higher education on a tax-advantaged basis. This means that as they grow in value, that growth isn’t taxed. So long as the money is withdrawn to pay for higher education in some form, you don’t owe tax on the value of the account either. This means more money for college, technical school, or a paid apprenticeship, as well as an added benefit that many people can take off their state tax obligations in a number of places.
Joining us to talk about 529 plans are Patricia Roberts and Hendershott Wealth Management’s very own, Jen Rupp. In the first half of this episode, you’ll meet Patricia, who’s the author of Route 529: A Parent’s Guide to Saving for College and Career Training with 529 Plans. You’ll then hear from Jen Rupp, who’s the head cash flow coach in my coaching program, as well as an expert on 529 plans herself.
If you’re ready to learn about some great ways to take the pain out of saving for college, this episode is jam-packed with information that will help you prepare to take the first steps.
Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:
To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/patricia-roberts-529s-ultimate-education-savings-account
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