How to Save and Plan for Future Education Costs
Update: 2022-08-09
Description
Education costs have increased at an exponential rate, creating a significant amount of opportunity for well-thought-out financial planning.
In this episode, we discuss the causes for the increased costs and provide information on 529 plans as a solution for self-funding these costs, outside of student loans, in a tax-efficient way.
1:12 - Why tuition costs are increasing exponentially
4:35 - What you can do to plan around education expenses
9:02 - What expenses does a 529 cover, and not cover
10:14 - Alternative methods of funding education expenses
12:37 - FAQ
15:09 - Superfunding a 529 [Planning Strategy]
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit nickreilly.substack.com
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