In Episode 42 of the podcast I talked about how to use a particular type of savings account (referred to as a 529 account) to save for your children’s education. I gave some general information and urged people with children to look into them. However, I always wanted to revisit this topic later for a deeper dive.
That’s why on this episode of the podcast I talk with Michael Karwic, a Certified Financial Planner in Pennsylvania, to take a more in-depth look at educational savings accounts to help you get started in saving for your children’s future!
In this episode you will learn:
- What is a 529 Fund?
- How do you set one up?
- Who can set one up?
- Is a 529 plan right for everybody?
- If not, what alternatives are out there?