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Putting 100% of your kid’s savings into a 529 plan might be a mistake.
Putting 100% of your kid’s savings into a 529 plan might be a mistake. And could be overcommitting to a future that doesn’t exist yet. College is changing faster than most parents realize. AI, trade programs, apprenticeships, and remote learning are already reshaping education. So how we look at saving for the future needs to be looked at too. I still love 529 plans and they make a ton of sense for a lot of reasons. • Tax-deferred growth • Tax-free withdrawals for education • And now up to $35,000 can roll into a Roth IRA for your child if the money isn’t used for school. But like everything we look at with our clients, great planning isn’t about picking one perfect account. It’s about flexibility. Many families we work with split savings for their kids and grandkids across: • 529 plans • UTMA / UGMA accounts • other long-term investment accounts for kids (including the new Trump accounts) Different buckets. Different tax rules. More flexibility depending on how life actually unfolds. Because the question shouldn’t be: “Should I use a 529?” It should be: “How do I design this so it still works if college changes completely?” That’s the real planning. #FinancialPlanning #529Plan #CollegeSavings #WealthPlanning #NextGenWealth #GenerationalWealth #FamilyWealth #ParentsAndMoney #MoneyTips #InvestingForKids #SmartMoney #HNW
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