College Planning Using a 529 Plan With Ryan White, CIMA® (Ep. 47)
Most people can agree that they’re concerned about college education planning and ultimately paying for the cost of college.
A 529 plan is a great tool in helping you reach your education savings goal.
In this episode, Jeff Green and Lauren Smith talk with Ryan White, CIMA® a director of product management at Columbia Threadneedle Investments, US. You will learn why a 529 plan is a simple way to save for all educational related expenses, and what your three options are if you still have money in your 529 account after college.
Ryan discusses:
- The basics of 529 planning
- How a FAFSA will calculate your eligibility for financial aid
- The opportunities for tax benefits that set a 529 apart from other vehicles
- And more
Connect With Green Financial Group:
- jeff@greenfinancialgrp.com
- (713) 244-3030
- Schedule A Call With Jeff or Lauren
- Green Financial Group
- LinkedIn: Jeff Green
- LinkedIn: Lauren Smith
Connect With Ryan White:
About Our Guest:
Ryan White, CIMA®, is an experienced financial services professional with a demonstrated history of success in distribution, product management, and relationship management in the asset management industry.
As with other investments, there are generally fees and expenses associated with participation in a 529 plan. There is also a risk that these plans may lose money or not perform well enough to cover college costs as anticipated. Most states offer their own 529 programs, which may provide advantages and benefits exclusively for their residents. Investors should consider, before investing, whether the investor’s or the designated beneficiary’s home state offers any tax or other benefits that are only available for investment in such state’s 529 college savings plan. Such benefits include financial aid, scholarship funds, and protection from creditors. The tax implications can vary significantly from state to state.
