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529 Plans

529 Plans

| May 29, 2024

It’s that time of year when high school seniors are committing to their colleges for the fall, so it’s an exciting season—until we get those financial aid packages that can put a damper on the excitement. When families don’t get a lot of help in the financial aid department, it becomes a big conversation about how to pay for the expected family contribution. Today, I'm going to talk about 529 plans and how they can help you prepare for those big expenses.

Listen in to hear about the different options you have when it comes to using your 529 plan, as well as how you can put it to use most effectively. You will also learn about the important aspects of the 529 plan, including how to invest it and control it properly. If you have kids of any age (or plan to have kids), don’t miss this important episode!


Listen To The Episode Here:

What You’ll Learn:

  • What to do once you get your financial aid packages.

  • How you can start early with your college savings.

  • What qualified college expenses tend to be for a 529 plan.

  • How to invest a 529 plan.

  • Who controls the 529 plan.

  • How much you can contribute to a 529 plan.

  • Expenses people tend to forget about—and how a 529 plan can help.

Ideas Worth Sharing:

  • “529 plans are essentially an account where you can contribute money into it like a 401(k) plan—except that it's pre-tax money and it grows tax-deferred.” - Regina McCann Hess
  • “With a 529 plan, you’ll get a range of investment options.” - Regina McCann Hess
  • “College is crazy expensive. I’m so grateful I contributed to 529 plans since my kids were born. I cannot imagine paying for these colleges without these 529 plans.” - Regina McCann Hess

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