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154-Masterclass on 529 Plans a.k.a. Qualified Tuition Programs - Part 2: Savings Plans

154-Masterclass on 529 Plans a.k.a. Qualified Tuition Programs - Part 2: Savings Plans

FromRadical Personal Finance


154-Masterclass on 529 Plans a.k.a. Qualified Tuition Programs - Part 2: Savings Plans

FromRadical Personal Finance

ratings:
Length:
40 minutes
Released:
Feb 19, 2015
Format:
Podcast episode

Description

http://Patreon.com/RadicalPersonalFinance
We continue our Masterclass on 529 plans today. If you haven't heard part 1, Go back and listen to episode 138 first. http://radicalpersonalfinance.com/138-masterclass-on-529-plans-a-k-a-qualified-tuition-programs-part-1/ You'll need it for context on today's show.
Today we dig into more of the how-to regarding savings plans. I also spend a good bit of time explaining the state income tax benefits for you. Depending on your situation, these may or may not be important for you.
Topics:

Which states give a tax deduction for 529 contributions and how much?
Which states offer tax parity?
How to take advantage of the 529 State Income Tax Loophole.
How to figure out if you should take advantage of a plan with lower fees or a plan with a better deduction.
Who should own the plan--parents, grandparents, or child?
How do 529 plan distributions get reported?
What are the best 529 plans to choose for each state?
How can you get free money for college?

Enjoy the show!
Joshua

Part 1 of this 529 Plan series: http://radicalpersonalfinance.com/138-masterclass-on-529-plans-a-k-a-qualified-tuition-programs-part-1/
Which states offer a 529 Plan deduction? http://www.finaid.org/savings/state529deductions.phtml
Free money for college: http://www.fastweb.com/financial-aid/articles/free-money-for-college-savings
Information on Individual Development Accounts: http://cfed.org/programs/idas/ida_basics/
If this information has been useful to you, please support the show on Patreon! https://www.patreon.com/radicalpersonalfinance

 
 
Released:
Feb 19, 2015
Format:
Podcast episode

Titles in the series (100)

Joshua J Sheats, MSFS, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.