529 Plans and the New Year
529 plans are touted as a way to save for your children\u2019s education. But saving money in a 529 plan is a lot like sending your money to jail. Once your money is in a 529 plan you can\u2019t use it for anything other than education. If you need to use that money for other purposes, you\u2019ll pay a hefty penalty!
But there is a way to get money out of a 529 plan without paying a penalty. On this episode of Wealth Talks, Tom and John will explain how to do this.
Also on this episode: How to set your Financial New Year Resolutions in 2021
Resources:\xa0
How to Build Sustainable Wealth\xa0
\xa0
\xa0