009 - The 411 on the 529 Plan - a podcast by KT & C-Suite Radio

Reach Me Here: KT Thomas

In this episode, KT and Tammy discuss:Misinformation about 529 plansWho's best suited for a 529 plan?The downsides to doing this planWhat Tammy recommends 
Key Takeaways:You don't pay on the interest earnedAs long as you use it for college, it's completely tax freeIf you don't use the funds for education, there's a 10% penalty (which is completely taxable)Ask yourself, "what are your long term financial goals?" Does a 529 plan fit those needs? 
"529 Plans are great vehicles for people to save for their child's education, their grandchild's or even their own." - Tammy Simmons, CFP 
Connect with Tammy Simmons, CFP:Website: www.newdaysolutions.com

Email: tammy@newdailysolutions.comPhone: 800-834-2101

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