Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Managing Your Financial Future with Lucia Capital Group
College Savings and 529 Plans - What You Need to Know
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With the cost of college in the US skyrocketing, many parents find they need to begin saving almost immediately if they want their children to be able to attend. One avenue for doing that is the 529 Plan, which comes with both benefits and costs.
Lately, though, the 529 has become less popular among savers. The reasons? Tuition costs, market uncertainty, and no guarantee that a job will be waiting for their kids when they graduate, among others.
So now the question remains: Is the 529 Plan still a good college savings vehicle? What are the rules, and what other potential options exist? Find out what you need to know from host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!