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Have you been thinking of how to start saving for your child\\u2019s or grandchild\\u2019s college education? How about setting up a 529 Plan?

A 529 Plan allows you to invest in your child\\u2019s or grandchild\\u2019s college education before they even get to that stage. This type of investment has many benefits, including being tax-free during the growth period.

In this episode of the Secure Your Retirement podcast, we explain in detail what a 529 Plan entails and the benefits it offers. Listen in to learn how to open a 529 account and the investment options available for you. 

In this episode, find out: 

• Understanding the 529 Plan and the tax-free benefits it offers.
• This plan won\\u2019t affect your child\\u2019s ability to get financial aid because you\\u2019re the one in control of the money and not your child. 
• The hands-on and hands-off ways to control the investment options for a 529 plan. 
• The options available for you if you\\u2019re worried you won\\u2019t use all the money in a 529.
• Understanding that you can open and use a 529 plan in any state across the country. 
• The current situation on whether the plan is likely to go away any time soon.
• The 529 investment plan doesn\\u2019t lock you in and you can make changes.
• How and where you can open a 529 account. 

Tweetable Quotes:

• \\u201cIt\\u2019s the parent or the grandparent that\\u2019s in control of the money.\\u201d- Radon Stancil
• \\u201cYou can set the 529 plan up anywhere; it\\u2019s not based on residency.\\u201d- Murs Tariq
• \\u201cThey want this plan to be as easily accessible because saving for education is very important.\\u201d- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.