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Episode 34: The ABCs of Education Savings

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Content provided by Bull Cast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bull Cast 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://ro.player.fm/legal.

What will higher education look like in the future? Honestly, no one really knows. But that shouldn’t keep you from at least starting the conversation about saving money for your child or grandchild’s education. Join us as we talk about the ins and outs of education savings plans. We’ll break down UTMA and UGMA, FAFSA, prepaid plans, the 529 plan, and the tax implications involved in each plan. We’ll also give reasons why you should start saving now and break down some statistics on how much most people save for college.

Top 5: Wildest College Mascots

Hashtags of the week: #EducationSavings #CollegeMascots #OkraVsPickles #RaidersArePiratesKatie #PlanForCollege #CamWasAHouseBoy #529 #KiddieTax #Tuition #FAFSA #StudentLoans #TheLimitDoesNotExist #SheDoesntEvenGoHere #TimeAndConsistency #JargonViolation

Our Top 10 Wildest College Mascots: www.bullcastpodcast.com/wildest-college-mascots

Visit us online: www.bullcastpodcast.com

Produced by Cameron Spann | Powered by Pickler Wealth Advisors

Sound effects obtained from https://www.zapsplat.com

The fees, expenses, and features of 529 plans can vary from state to state. 529 plans involve investment risk, including the possible loss of funds. There is no guarantee that a college-funding goal will be met. In order to be federally tax-free, earnings must be used to pay for qualified higher education expenses. The earnings portion of a nonqualified withdrawal will be subject to ordinary income tax at the recipient’s marginal rate and subject to a 10-percent penalty. By investing in a plan outside your state of residence, you may lose any state tax benefits. 529 plans are subject to enrollment, maintenance, and administration/management fees and expenses.

  continue reading

199 episoade

Artwork
iconDistribuie
 
Manage episode 284720627 series 2874191
Content provided by Bull Cast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bull Cast 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://ro.player.fm/legal.

What will higher education look like in the future? Honestly, no one really knows. But that shouldn’t keep you from at least starting the conversation about saving money for your child or grandchild’s education. Join us as we talk about the ins and outs of education savings plans. We’ll break down UTMA and UGMA, FAFSA, prepaid plans, the 529 plan, and the tax implications involved in each plan. We’ll also give reasons why you should start saving now and break down some statistics on how much most people save for college.

Top 5: Wildest College Mascots

Hashtags of the week: #EducationSavings #CollegeMascots #OkraVsPickles #RaidersArePiratesKatie #PlanForCollege #CamWasAHouseBoy #529 #KiddieTax #Tuition #FAFSA #StudentLoans #TheLimitDoesNotExist #SheDoesntEvenGoHere #TimeAndConsistency #JargonViolation

Our Top 10 Wildest College Mascots: www.bullcastpodcast.com/wildest-college-mascots

Visit us online: www.bullcastpodcast.com

Produced by Cameron Spann | Powered by Pickler Wealth Advisors

Sound effects obtained from https://www.zapsplat.com

The fees, expenses, and features of 529 plans can vary from state to state. 529 plans involve investment risk, including the possible loss of funds. There is no guarantee that a college-funding goal will be met. In order to be federally tax-free, earnings must be used to pay for qualified higher education expenses. The earnings portion of a nonqualified withdrawal will be subject to ordinary income tax at the recipient’s marginal rate and subject to a 10-percent penalty. By investing in a plan outside your state of residence, you may lose any state tax benefits. 529 plans are subject to enrollment, maintenance, and administration/management fees and expenses.

  continue reading

199 episoade

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