Sitting in for Dave on this episode of In My Day is fellow Family Financial Partners Wealth Advisor Kyrk Davis. He and Ryan discuss the lesser-known benefits of 529 plans, why Kyrk got into the business, and the differences between him and Dave.

If you enjoyed hearing from Kyrk today, check him out along with co-host Rick Gregory on How to Win. Another great podcast from Family Financial Partners. 

Dave Ramsey's SmartVestor Pro is a directory of investment professionals. Working with a SmartVestor Pro does not guarantee investment success, and no assurance can be made that working with a SmartVestor Pro will produce better results than working with a financial professional not affiliated with the program. Neither Dave Ramsey nor SmartVestor are affiliates of The O.N. Equity Sales Company or O.N. Investment Management Company.

Prior to investing in a 529 Plan, investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expensed are federally tax free. Tax treatment at the state level may vary. Please consult with your tax professional before investing. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful. 

David Smyth and Ryan Petrunyak talk about family, finances and fun. Learn more about Family Financial Partners at familyfinancialpartners.com.

Securities offered through The O.N. Equity Sales Company, Member FINRA/SIPC, One Financial Way Cincinnati, Ohio 45242 (513) 794-6794. David Smyth is an Investment Advisor Representative offering Investment Advisory services through O.N. Investment Management Company. Estate planning services provided in conjunction with your licensed legal advisor.