Wealth Management & Financial Planning

Wealth Management & Financial Planning

What happens if your 529 Plan doesn’t go as planned?

Consider This Program with Joe Clark, CFP, and Adam Harter, CFA.
In this segment we will cover:

College isn’t for everyone, and neither is a 529 plan!
We will break down what happens if college savings doesn’t go to plan.

One of America's great college saving planning tools today, but there is a lot to be considered going forward. State plans are different (Indianan College Choice) and tax codes vary (not for student loans in Indiana as an example) There is also the question of how future education looks with the new technological advances during the Pandemic. There is no way out for the money inside those plans without taxes and penalties unless it is used for qualified educational expenses. As with all tax policies, 529's futures are in the hands of social policy. They can make changes along the way as they did in 2019.

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Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see our Disclosure page for the full disclaimer.

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