529 Account can save for your child’s future

Listen and subscribe to retire Apple podcasts, StainOr where you find your favorite podcasts.

College has the value of It has increased twice In the last 20 years, and as a result, families are struggling to plan their children in accordance with the higher education goals.

According to the research of the Society of Actuarians, 10 in Americans 6 He said they postponed a pension for a family member’s education.

Many important factors, JPMorgan Active Administration Tricia Scarlata, Tricia Scarlata, Tricia Scarlata, the President of the Lahoo Finance President’s pension pension pencet is in connection with the podcast.

“My goal is not always investing and avoiding 529 accounts, you avoid this tax and ink over time,” he said. “Cash won’t only be there. And it’s what we are investing and using it and trying to encourage people to do.”

The 529 plan is a tax-dominated savings account specifically dedicated to saving special education costs.

It’s not just for college – these accounts can also be used to study for trading schools or K-12 education, offers tax-free extracts for selection costs. The money in the account is invested in the tax deferred profitable profitable profitable profit.

“Only two accounts, a taxable and uncertain account, everything is equal to, then $ 500 per month, there is about $ 500 in your tax,” Scarlata, 529 points in the month when saving 529 scores. “This is a great amount.”

Read more: How much should I save before you go to college?

By adding educational plans to your long-term deposit purposes, 401 (k) can be avoided to pay for children’s education.

“The many things we found (parents) are borrowing for their retirement to pay these educational sheets,” Scarlata said. “It’s always worried about where the pension or 401 (k) do not contribute. The majority of what we do is.