{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/69c148bb1a160b44db9c8fcc/6a15b48ccb11d38a8bd17ab6?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"10 Ways a 529 Plan Makes Education More Affordable","description":"<p><strong>1023. Are you worried about the future cost of education for yourself or a child? Laura reviews ten ways a 529 savings plan supercharges education savings and can even be used for young students, non-traditional coursework, and professional career pivots.</strong></p><p><br></p><p><strong>Key takeaways</strong></p><ul><li>Contributions to a 529 plan get taxed upfront, but the account growth and withdrawals for qualified expenses are tax-free.</li><li>States sponsor 529 plans with various benefits and fees; however, you don’t have to be a state resident to participate in the plan.</li><li>There are no income restrictions to contribute to a 529, and owners typically name a child, who is the future student, as the account beneficiary.&nbsp;</li><li>Qualified 529 expenses include many costs associated with traditional college, but also include trade schools, vocational training, and professional certifications.</li><li>You can spend up to $20,000 per year on younger students from kindergarten through high school at public, private, or religious schools.</li><li>Leftover 529 funds can be rolled over into a beneficiary’s Roth IRA, with certain restrictions.</li></ul><p><br></p><p><strong>Upcoming Wedding Series Coming Up:</strong> We want your questions about wedding finances! Whether you're the bride, groom, or a guest, send us your questions about budgeting for the big day. Email: money@quickanddirtytips.com or leave a voicemail: (302) 364-0308.&nbsp;</p><p><br></p><p><strong>Discover more from Money Girl!</strong></p><p><a href=\"https://www.facebook.com/MoneyGirlQDT\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a></p><p><a href=\"https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.quickanddirtytips.com/newsletters\" rel=\"noopener noreferrer\" target=\"_blank\">Newsletter</a></p><p>Transcripts available at <a href=\"https://www.quickanddirtytips.com/transcripts/money-girl/\" rel=\"noopener noreferrer\" target=\"_blank\">QuickandDirtyTips.com</a>.</p><p>Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.</p>","author_name":"QuickAndDirtyTips.com"}