What is a 529 Plan?

by | Apr 3, 2018 | Make More Money

With our first child on the way, I wanted to be sure that we had our bases covered when it came to college savings. It’s a big deal (and an even bigger expense!) and I really didn’t want to make the wrong decision.

After combing through way too much information on 529 plans, how they work, and why we should care about them, I knew I had to create something quick and easy that would cover the basics of what you needed to know, without taking hours of research. So at 38 weeks pregnant, I waddled my way in front of the camera to record this quick and easy video for you. It’ll give you the exact overview you need in order to make the best decision for you.

Click on the video below to learn:

  • The benefits of a 529
  • How they work
  • What you should consider when choosing one
  • How you can use the money
  • How much should you save

 

After watching this you should definitely check out my Personal Capital tutorial video where I show you how to use my favorite tool to help estimate exactly how much you should be saving each month in a 529. It takes the guesswork out of saving for college and helps you stay on the right track every month. I’m obsessed.

Click here to watch the video.

 

(note: that is an affiliate link, but it’s a free tool I use and love and really wanted to share. For more information on affiliate links, see this disclaimer.)

Erica Gellerman, CPA

Erica Gellerman Bio The Worth Project

Erica Gellerman is a CPA, MBA, personal finance writer, and founder of The Worth Project: a weekly money newsletter you actually want to read. Her work has been featured on Forbes, Money, Business Insider, The Everygirl, The Everymom, and Lifehacker. When she’s not writing about personal finance you can find Erica exploring Europe from her temporary home base in London.

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2 Comments

  1. Britt
    Britt on April 11, 2018 at 2:33 pm

    Thank you, Erica! This is wonderful.

    • Erica
      Erica on April 16, 2018 at 5:47 pm

      Of course, Britt! I’m so glad it was helpful!

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