529 College Plan Myths

The video discusses the financial challenges of funding college education and introduces 529 plans as a solution. It explains the benefits and flexible uses of 529 plans, including paying for K-12 expenses, trade schools, and student loan debt. Recent legislation allows for rollovers to Roth IRA accounts, and contributions can be gifted through the You Gift Platform. The video concludes with a personal reflection on the importance of planning for college expenses.

What is a 529 plan and how can it help parents prepare for college expenses?

What are some expenses that can be covered by a 529 plan?

How can funds from a 529 plan be utilized after college?

What are the potential penalties for withdrawing funds from a 529 plan for non-educational purposes?

What advice does Rhonda Martinez give regarding setting up a 529 plan?