154-Masterclass on 529 Plans a.k.a. Qualified Tuition Programs - Part 2: Savings Plans

Published: Feb. 19, 2015, 1:38 a.m.

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http://Patreon.com/RadicalPersonalFinance

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We continue our Masterclass on 529 plans today. If you haven\'t heard part 1, Go back and listen to episode 138 first.\\xa0http://radicalpersonalfinance.com/138-masterclass-on-529-plans-a-k-a-qualified-tuition-programs-part-1/\\xa0You\'ll need it for context on today\'s show.

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Today we dig into more of the how-to regarding savings plans. I also spend a good bit of time explaining the state income tax benefits for you. Depending on your situation, these may or may not be important for you.

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Topics:

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  • Which states give a tax deduction for 529 contributions and how much?
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  • Which states offer tax parity?
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  • How to take advantage of the 529 State Income Tax Loophole.
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  • How to figure out if you should take advantage of a plan with lower fees or a plan with a better deduction.
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  • Who should own the plan--parents, grandparents, or child?
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  • How do 529 plan distributions get reported?
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  • What are the best 529 plans to choose for each state?
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  • How can you get free money for college?
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Enjoy the show!

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Joshua

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