Education and the Next Generation
This episode, hosted by Andrew Baron, CFP®, EA, featuring Shirley Nelson, J.D. touches on several points surrounding 529 plans, how parents can start planning now, and how this can relate to you. Firstly, Shirley discusses the amount it may set parents back by sending their children to grad school or beyond, a vastly rising trend for students. The amount of students reaching this level of education is increasing steadily and showing no signs of slowing down. Next, she goes on to talk about the different types of plans, including New York State Direct paid 529, 529 college savings plan, prepaid tuition plans, private college 529 which can be direct sold or advisor sold, 529 target date funds, 529 ABLE accounts, direct to institution payments, and the difference between grandparents and parent owned 529 plans. There is a lot of information in this episode so make sure to reach out to Shirley or Andrew with questions or comments.
