Money Wisdom

Should I Use a 529 Plan for My Grandkid's Education?


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College costs aren't getting cheaper, which has more families asking whether a 529 plan is the right way to save for education. Nick and Eric break down how these accounts work, why they've become more flexible in recent years, and what parents and grandparents should think about before opening one. Before you decide how to save for education, it's important to understand how these decisions have an impact beyond just college tuition.

Here's what we discuss in this episode:

🎓 529 Basics: Understanding education savings plans

📍 State Benefits: Tax advantages vary by state

đź’° Funding Strategies: Different ways to contribute

🔄 Rule Changes: More flexibility than before

📚 Long-Term Planning: Start thinking beyond education and tuition

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Money WisdomBy Johnson Brunetti

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