Today we're continuing our discussion on comparing 529 college savings plans with other alternatives that parents might want to consider. In this episode, we delve into less traditional options such as Coverdell Education Savings Accounts (ESAs), prepaid tuition plans, custodial, and general investment accounts.

We'll explore the benefits and drawbacks of each, helping you make informed decisions on the best ways to save for your children's education.

Make sure to check out previous episodes (210, 211, and 241) for detailed insights on 529 plans, Roth IRAs, and real estate options. Join me in navigating the various paths to securing your child's educational future.

Remember, you are the boss of your money!

Anna's Takeaways:

• Intro (00:00)
• 529 Accounts For K-12 Education Expenses With Pros & Cons (04:02)
• Prepaid Tuition Plans & Their Benefits (08:29)
• Custodial Accounts For College Savings (15:33)
• College Savings Options (21:04)

Rate, Review, & Follow on Apple Podcasts

Money Boss Parents! Welcome to Anna's Money Boss Parent podcast, your go-to resource for mastering money management while raising a family.

Join me as we explore practical tips, expert insights, and inspiring stories to help you achieve financial success and create a brighter future for your loved ones.

 Don't forget to subscribe, rate, and review the show to support our mission of empowering parents like you to take charge of their finances and build a prosperous life for their families. Let's thrive together on this incredible journey!

FREE GUIDE- Kid Money Boss: School isn’t teaching my son about Money. It’s up to us Parents. Here are 9 tools I am using to team with my son, everything I never learned as a kid.

Website & Links mentioned:

Where to Open Accounts: Vanguard, Fidelity, Charles Schwab

• #210 – 529 College Savings Plan: Getting Started [Part 1
• #211 – Maximizing 529 Plans: Tax Benefits and Best Practices (Part2)
• #241 - Which is Better for College Savings? 529 Plans vs. Roth IRAs & Real Estate