-
▼
-
▼
Have kids? Planning on them pursuing a college degree one day? Then this week’s Money Guy Show is a can’t-miss episode as we serpentine around the important topic of education planning.
DON’T FORGET! 1 MORE WEEK TO SUBSCRIBE TO OUR YOUTUBE CHANNEL FOR YOUR CHANCE TO WIN $1,000!
GO HERE TO SUBSCRIBE INSTANTLY!
In this show, we address many of the important questions parents have about how they should save toward their children’s future education costs. Which tools are available? Which ones are the best for your situation? Don’t go anywhere, because we cover that and a whole lot more in this week’s installment of The Money Guy Show.
Tune in to find out:
- Some interesting facts about college that you probably didn’t know (like 75 percent of high school seniors are accepted to their first-choice colleges, but less than 57 percent can afford to attend!)
- All your options when it comes to saving for college: savings bonds vs Coverdell Education Savings Accounts vs Roth IRAs vs Life Insurance vs 529 plans
- The different types of 529 plans (prepay tuition vs savings account)
- What makes a 529 plan such an amazing financial tool for saving for education
- What you probably didn’t realize you could use unused 529 savings towards
- How to carefully understand the coordination of 529 Plan assets with tax credits and scholarships
- What is AOTC, and why you need to know about it (and talk to your tax adviser about it)
- The nitty gritty details of education tax credits – calculations, limits, eligible expenses, and rules
- 2017’s MorningStar’s Annual 529 Ratings: what they are, what they mean, and how you can use this information
- What you should know about 529 fees, and the difference between Direct-Sold 529 Plans and Advisor-Sold 529 Plans
Resources mentioned in this episode:
- Interesting facts about college: https://www.teenlife.com/blogs/10-surprising-facts-about-college> https://www.teenlife.com/blogs/10-surprising-facts-about-college
- Morningstar’s Annual 529 Ratings: http://news.morningstar.com/articlenet/article.aspx?id=830917
- Fees for 529 Plans: http://news.morningstar.com/articlenet/article.aspx?id=810327
- Improving Trend for 529 Plans: http://news.morningstar.com/articlenet/article.aspx?id=831727
Enjoy the Show?
Where You Can Watch and Listen:
Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:
- Episodes of The Money Guy Show every Friday
- Episodes of Making a Millionaire every other Monday
- Mini-shows every Wednesday
- Ask Money Guy Livestreams every Tuesday
- Tons of other fun content!
Free Resources
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Articles
Articles
How To Prepare for Student Loan Payments Increasing
About 43 million Americans have federal student loans, and many borrowers face financial difficulties due to their loans. Student loan debt has significantly impacted the...
Articles
Top College Degrees in 2026
The median college graduate makes 68% more than the median high school graduate, but that doesn’t mean it’s a good idea for everyone to go...
Articles
College Enrollment Is Falling. Is Higher Education No Longer Worth It?
Attitudes about college have shifted dramatically over the past decade. In 2015, Gallup found that 57% of Americans had a “great deal” or “quite a...
Financial FAQs
Courses & Tools
How about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Recent Episodes
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Episodes
S&P 500 vs Charizard: Which Investment Wins?
Are Pokémon cards and index funds better than the S&P 500? Brian separates the hype from reality on today's hottest collectible investments and reveals what...
Episodes
Quit Saving Money? The CoastFIRE Epidemic
CoastFIRE is exploding in popularity, but are you coasting too soon? In this Live Q&A, we break down the real numbers behind CoastFIRE, share the...
Episodes
Financial Advisors React to Wild Money Advice ft. @ErinTalksMoney
From Kevin O'Leary's investing wisdom to a creator saying the stock market is pointless, we're reacting today with @ErinTalksMoney and setting the record straight. We're...