Jordan Lee is the CEO and co-founder of CollegeBacker, a startup that helps people start 529 college savings plans. In this episode, learn what a 529 plan is, why it's so important and how to get started.

In today's episode, you'll find out:

• What led Jordan to co-founding CollegeBacker
• How a 529 plan works
• The impact of saving when your child is young
• What counts as a qualified expense for a 529
• Tax benefits of a 529
• What's a good annual contribution
• Should a 529 be priority over retirement savings?
• What superfunding is
• How to calculate what to save in a 529
• How friends and family can contribute to your child's 529
• Which states provide income tax benefits with 529 plans
• What happens if your child decides not to attend college
• Differences between adviser-sold and direct-sold plans
• How you might choose where to house a 529 plan
• How prepaid tuition plans work
• Can you save too much to a 529?
• Why every parent should contribute a 529 plan

Full show notes at https://studentloanplanner.com/33