Welcome to a new week and a new theme here on the One Minute Retirement Tip Podcast. I’m your host Ashley Micciche, CEO and co-owner of True North Retirement Advisors, an independent advisory firm managing $300 million in client assets. I’m a Chartered Retirement Planning Counselor, a frequent speaker, radio and podcast guest, and I love talking to anyone who will listen about making a plan for the retirement you deserve, including you, my beloved listeners. 

The theme this week on the One Minute Retirement Tip podcast is: Grandparent-owned 529 plans

There are some recent rule changes that just made grand-nt-owned 529 plans more attractive for grandparents to help save for their grandkids’ college, and make this week’s theme very timely - especially if you have grandkids who are babies all the way up to pre-teen. 

So this week on the One Minute Retirement Tip podcast, I’m going to dive into 529 college savings plans and what you need to know as a grandparent if you want to help fund your grandkids college. 

Which I might add is a very noble and common goal. It’s an amazing way to help your loved ones avoid the burden of student loans and get them off to a great start in adulthood with a quality education. Helping to pay for grandkids college is a common goal among my clients. Your children and grandchildren will no doubt appreciate not starting life burdened with massive student loans, and your gift will pay off in often unexpected ways throughout their life. 

I’ll talk about the basics of 529 plans, the differences between parent-owned and grandparent-owned 529 college savings plans, 6 big benefits of grandparent-owned 529 plans, and importantly...the new rule that just made grandparent-owned 529 plans more attractive than ever. 

I look forward to spending this week with you learning more about 529 plans, and I hope you’ll come back tomorrow where I’m going to lay the groundwork for the rest of the week by talking about 529 basics and what makes these investment accounts such a powerful tool for saving for the ever-increasing cost of college. 

That’s it for today. Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance