Whiteboard Series: Episode 8 – 529 Education Savings Accounts
There’s a lot of concern right now about the rising costs of education and how parents can plan for this important chapter of their children’s lives. As a young parent myself, I can absolutely relate to the fear and anxiety around funding future education. 529 education savings plans offer a fantastic opportunity to set aside and grow money – in a tax free account – towards these eventual life expenses. These accounts are very simple and straightforward to set up and administer, and should be considered for any comprehensive savings and investing strategy that prioritizes future education down the line.
The Whiteboard Series is a continuous exploration and discussion across a wide range of personal finance topics. Through a series of drawings, interviews and explanations, we hope to educate and simplify important financial planning principles.