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If you have college-bound kids or are thinking about funding a family member’s this episode is a MUST LISTEN. My guest is the wonderful Joe Messinger, a financial planner who has dedicated his career to helping families pay for college. We talk about everything from the FAFSA to 529 plans.
Show Notes
529 Plans are a fantastic tax saving tool for families. In a lot of states (like New York), there is a tax break for contributions. Funds from a 529 plan must be used for “qualified education expenses.”
Capstone Wealth Partners is Joe’s firm.
SavingforCollege.com is a resource for the state-run 529 plans.
If you know that your child is likely bound for a small private college, check out the “Private College 529” plan. You’re pre-paying college tuition at today’s dollars. This could be a fantastic savings piece of your college funding puzzle.
Moneysplained 