college savings

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Natalie 
• Jeff
• Allie

Since its inception, the 529 has been a popular education savings vehicle. Over the years, it has received a few enhancements, but none better than the most recent one thanks to the Secure Act 2.0. We’ll talk about the 529, the changes, and how it might fit into a financial plan.

In 1996, U.S. Senator Bob Graham of Florida, where a prepaid plan was well established, and U.S. Senator Mitch McConnell of Kentucky, which had a savings trust, led a bipartisan effort to provide federal tax relief for all plans, resulting in the creation of Section 529 of the Internal Revenue Code (IRC).

Questions

• What have been the changes to 529 plans, previously and in 2023?
• How should a plan most appropriately be utilized? Who does it make sense for?

Resources:

https://www.collegesavings.org/history-of-529-plans#:~:text=In%201996%2C%20U.S.%20Senator%20Bob,Internal%20Revenue%20Code%20(IRC).

https://finaid.org/savings/state529deductions/

The answer depends...so here's what you need to consider! In this episode, we walk you through how we as advisors and as parents consider funding college. We also breakdown the different tools you might consider using to accomplish this. 

We are Financial Design Studio: Michelle, Steve, Rob, and Trevore…We have a passion for helping others reach financial success. Part of our job is to teach you about money, so you can make educated financial choices!
Learn more about us at our website https://financialdesignstudio.com/
(Disclaimer : This podcast should not be taken as financial advice and Financial Design Studio accepts no responsibility for your individual actions or choices. For our full disclaimer, check out our podcast description.)

On this episode of A Wiser Retirement™ Podcast, Casey Smith and Missie Beach, CFP®, CDFA® discuss 529 plans as a vehicle for college savings. Are you prepared for the skyrocketing costs of higher education? Look no further; we've got you covered with this enlightening episode all about 529 plans. Discover the pros and cons of the two main types of plans, learn about the incredible benefits of compounding interest, and understand the various ways to set up a 529 plan. We also dive deep into the tax advantages and emphasize the importance of being mindful of ownership when setting up your child's college savings plan.

But wait - there's more! We don't just stop at the basics; we explore the flexibility of 529 plans to their fullest extent. From transferring beneficiaries and covering eligible expenses to penalty-free withdrawals for scholarships, we've got your back. We even discuss how to use the plans for K-12 tuition and roll unused funds over to a Roth IRA. Plus, we tackle the real challenges of higher education costs, loan rates, and average student debt. We'll even let you in on a valuable tool to calculate return on investment for college majors and the hidden gems of smaller schools with equal education quality but at lower costs. So join us and start planning for your child's future with our comprehensive guide on 529 plans and beyond.

Podcast Episodes Referenced:
- Ep 152: 10 Tax Planning Strategies for High Net Worth Individuals
- Ep 127: The Cost of Inheriting Wealth, Estate Tax and Opportunities to Avoid It

YouTube Videos Referenced:
- 6 Habits of Financially Successful People
- How to be a Long-Term Investor

- Click here to download one of our free guides that covers financial planning topics like retirement, investing, taxes, divorce, and more!

- Click here to schedule a consultation with one of our financial advisors.

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This podcast was produced by Wiser Wealth Management. Thanks for listening!

Discussion with Senior Director of Strategic Partnerships at McGraw-Hill about math in general, math as a predictor for overall student academic success, along with an explanation about what the ALEKS PPL is.  Is it a replacement for the SAT and ACT?  Why is the ALEKS PPL being adopted by more and more colleges and universities?  How parents of high school students can use the ALEKS PPL to determine math readiness for college and potentially save thousands and even possibly tens of thousands of dollars by not having to do remedial math courses prior to enrolling in the math course required for a student's chosen major.

- ABOUT -
This podcast is sponsored by Success Tutoring Online, the tutoring business with over 20 years of experience helping students learn, gain confidence and do better in school.

Have you thought about opening a Roth IRA for your child? A Custodial Roth IRA can be a great way to start saving for a child's future, but it's important to understand the tax implications and the income requirements before opening an account.  In this episode, Melissa Fradenburg, AIF, ® discusses how a Custodial Roth IRA allows parents to start saving for their child's future early as well as some of the limitations and considerations before opening this type of account.

Resources:

• Learn more about Pearl Planning.  
• Watch Michigan MESP 529 Savings Plan – Everything You Need To Know – Webinar Replay.
• Listen to Episode 86: Demystifying the FAFSA Form with Ann Garcia.
• Read SECURE Act 2.0: Later RMDs, 529-to-Roth Rollovers, And Other Tax Planning Opportunities, Jeffrey Levine, CPA/PFS, CFP, AIF, CWS, MSA
• Sign up for our 2023 Winter Economic Update and Investment Outlook or our Retirement Readiness Webinar. 

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Join hosts Dave and Joe on the College Knowledge Podcast as they tackle the controversial topic of college planning and financial advice. In this episode, they take on renowned financial guru Dave Ramsey, debunking common misconceptions surrounding his views on college planning. With clips and reactions from Ramsey's videos, they analyze his statements about FAFSA, need-based aid, and the role of financial planning in college decisions. By providing insightful counterarguments and shedding light on the complexities of college financial planning, they uncover the truth behind Ramsey's claims. Whether you're a student preparing for college or a parent with college-bound kids, this episode will provide valuable insights to help you make informed decisions. Don't miss out on this eye-opening discussion that challenges conventional wisdom and sets the record straight on college planning and financial aid.

Video Version of Podcast YouTube:
The College Knowledge Podcast

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Elite Collegiate Planning

In this week’s podcast, Madeline Hume and Susan Dziubinski tell you what you need to know before investing in crypto, Patricia Oey and Susan Dziubinski bust some 529 plan myths ahead of “529 College Savings Day,” and Carole Hodorowicz shares six tips for college graduates.

This podcast is the fourth part of the series for Financial Stewardship. In this series we will discuss saving up for College expenses. God's Word tells us to look to the Ant as it stores up for the winter; it prepares (Proverbs 6:6-8). There is wisdom in how we manage God's money, so we can be fruitful in our spending. Financial Stewardship is a great responsibility and should be taken seriously. Let's honor the Lord in all that we have and be wise in making financial decision. Check us out on Instagram @koehlermania.

Tags: Financial Stewardship, Debt, Financial Debt, Honor the Lord with your wealth, Give generously, Be wise, Prayerful

Thanks for listening! Follow us on Instagram and YouTube at @marriagemaniaministry

If the thought of saving for your kids' future stresses you out or seems SO confusing, you are going to want to listen to this week's episode. My guest, Patricia Roberts, has helped tens of thousands of families prepare for the cost of higher education and avoid millions of dollars in student loan debt through her leadership over the past 23 years in nearly every aspect of 529 college savings plans. She’s also the author of the book called Route 529: A Parent's Guide to Saving for College and Career Training with 529 Plans. As COO at Gift of College, Inc., she helps employers offer financial wellness benefits that provide employees with assistance in saving for college and paying down student loan debt. She's also the proud mom of a son who recently graduated debt free! 

Here's what you'll get out of this week's episode:

• What a 529 plan even is and how it actually works
• The biggest myths about 529 plans (FYI they're not just for college tuition!)
• Simple ways to quickly and easy start saving for your kids' education today

Here's where you can find Patricia after the show:

https://www.facebook.com/Route529Mom
https://www.linkedin.com/in/patriciarobertssolutions/
https://www.instagram.com/route529mom/

And here's where you can get Patricia's book: https://www.amazon.com/gp/product/1735750603/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1735750603&linkCode=as2&tag=mamaworkit-20&linkId=7293bf282fb96648a82332d980322105

Don't forget to subscribe and leave a review if you loved this episode!  ❤️ 🎧 

For more resources on juggling mom life, work life, wife life, fill in the blank life, head on over to www.mamaworkit.com and subscribe. 

In this week’s podcast, Adam Millson from Morningstar Research Services joins Susan Dziubinski from Morningstar Inc to provide tips for finding the best 529 plan, a roundup of the top 3 plans in Morningstar’s coverage, and a list of plans to avoid.

Welcome to the Balanced FI Podcast, episode 18! Thank you so much for listening in! 

Step 10 of the Financial Security Steps is to Choose Your Next Goal. 

• Increasing your emergency fund
• Saving for college
• Paying off the mortgage
• Maxing out retirement contributions
• Saving for other big purchases
• Pursuing financial independence

You choose your next goal, you choose how to get there. 

RESOURCES:

Read: Financial Security Step 10: Choose Your Next Financial Goal

Read: Financial Security Step 7: Pay off Debt

Read: Financial Security Step 8: Save an Emergency Fund

Read: Financial Security Step 9: Increase Retirement Contributions

Read: Financial Security Step 3: Save for Recurring Expenses

Resource: Early Mortgage Payoff Calculator

Resource: R: IQ Retirement Planner

Read: Financial Independence vs Financial Security

SOURCES:

Source: Tax-Smart Ways to Help Your Kids or Grandkids Pay for College

Source: What is a 529 Plan?

Source: 529 ABLE Accounts

Source: How to Become Financially Independent

Source: The Ultimate Guide to the FIRE Movement

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Keith and Josh are financially independent entrepreneurs that want to share their knowledge of how to navigate through the world of finance as easy, and as basic, as possible.

#FinancialAdvice #BasicMoneyPodcast #HowToSaveMoney

The opinions expressed on this channel are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.

In this episode Melissa Fradenburg, financial advisor, RJFS will be sharing some of her favorite clips from episodes in season 2.  Together with Pearl Planning founder and podcast co- host Melissa Joy, CFP® , this season has explored topics from budgeting and improving your net worth to work-life happiness and college savings. It is our mission to provide bite-sized tips and actionable advice on a weekly basis. 

You will learn:

• How often to evaluate your net worth and why it may fluctuate.
• An important element to work-life happiness and how it has evolved over time. 
• Why everyone should fill out the FAFSA form when applying to college and how various assets are considered in financial aid. 
• How to use budgeting apps and why friction on spending is important.
• What legal tools do attorneys have when it comes to maintaining financial status quo through the divorce process.

 Resources:

• Learn more about Tracy Brower PhD and order a copy of The Secrets to Happiness at Work as well as previous book, Bring Work to Life by Bringing Life to Work.
• Learn more about Alexa Kane CFP®
• Read about Anthony Urbani II HERE.
•  Follow Jill Carr’s Blog HERE.
• Find out more about budgeting apps like Quapital, Everydollar or MINT.

 Pearl Planning is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. Pearl Planning is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members. Pearl Planning and its advisors do not provide legal or tax advice. Please be sure to consult with the appropriate legal or tax professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Cortburg Speaks Retirement - Episode #24: Women and Financial Strategies / Investment in Stock Market, Financial Planning, Retirement Planning, Money Management

On this episode, we would like to celebrate International Women’s Day, which just passed 2 days ago, by sharing some helpful financial strategies for women. 

Welcome to Cortburg Speaks Retirement Podcast
with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC®

CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST

FOLLOW US ON:

• YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS
• Facebook-> https://m.facebook.com/CortburgInc
• Twitter-> https://twitter.com/CortburgInc
• LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/
• Website: www.CortburgRetirement.com
• Email: Miguel@CortburgRetirement.com
  
  

Read more expert insights on how to plan for college if your family finances are changing: https://www.johnhancock.com/ideas-insights/planning-for-college-with-changing-family-finances.html?cid=hx2o1m8fPmqnF9IXNG

This time I'm flying solo. Join me as I talk about scholarships, where to find them, and other financial options for college. 

Show notes

Ways to save for college tuition

https://money.usnews.com/money/personal-finance/articles/ways-to-save-for-your-childs-college-education

https://www.sofi.com/learn/content/how-to-save-for-childs-college-tuition/

https://www.investopedia.com/terms/u/ugma.asp

https://thecollegeinvestor.com/570/types-of-education-savings-accounts/

https://thecollegeinvestor.com/16171/how-to-start-saving-with-a-529-plan/

Info on how much to save for college

https://www.investopedia.com/how-much-to-save-for-college-4782579

Over $2 billion not claimed in Pell Grants

https://scholarshipowl.com/blog/find-scholarships/unclaimed-scholarships-2/

Types of scholarships

https://www.usnews.com/education/scholarship-search-insider/articles/2018-03-15/7-types-of-scholarships-that-can-help-pay-for-college-graduate-school

Scholarships for International Students

Global Scholarships
https://globalscholarships.com/


The intro/outro music uses a song from Freesound:
Hip-Hop Sample (https://freesound.org/people/Creeper_Ciller78/sounds/344995/)

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