Save for Your Kids Education Using a 529 College Savings Plan
Play • 34 min

More than half of college attendees in the US take out student loans. Imagine saving your kids from the financial burden of student loans without being super-rich. It’s possible with a 529 plan. In this episode, I talk about 529 plans, how they work and why they’re a smart way to save for you kids’ college education.


In today’s episode, you'll find out:


  • What a 529 plan is
  • The two types of 529 plans to consider
  • How to save your kids from the burden of student loans
  • How much to save each month to pay for your kids’ college
  • What is a UTMA/UGMA account
  • What tax benefits come with saving with a 529 plan
  • Tax penalties to watch out for with a 529 plan
  • What happens to the money if your kid doesn’t go to college
  • What is the rule of 72 and how it can double your savings
  • Which states allow you to open a 529 plan anywhere
  • What to do before opening a 529 plan

Full show notes at:


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Money! with Stacy Johnson
Money! with Stacy Johnson
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Crazy Money with Paul Ollinger
Crazy Money with Paul Ollinger
Paul Ollinger
The Glass Closet: Why Coming Out is Good Business (w/Lord John Browne)
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The David Bach Show
The David Bach Show
David Bach
028: Becoming Unstoppable with Jamie Kern Lima
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Journey To Launch
Journey To Launch
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Paychecks & Balances
Paychecks & Balances
Rich Jones
Giving Yourself Financial Grace ft Malcolm Hodge - PB183
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Strengthening the Soul of Your Leadership with Ruth Haley Barton
Strengthening the Soul of Your Leadership with Ruth Haley Barton
Ruth Haley Barton
Season 12: Episode 2 | Into the Jungle: The False Self
Ruth and Steve begin the second episode defining terms – expanding on Mulholland's definition of the false self. A lot of what is happenings in churches is superficial tinkering, and the reality is that not everyone in the church is on the same journey. The Bible doesn't call it the narrow way for nothing. Steve and Ruth work their way through the basic attributes of the false self. The episode ends with a discussion of the role of community in wrestling with the false self because one is often choosing between good and good and Ruth's reminder of the role of the spirit. Support the podcast now and immediately receive our Lent bonus Podcast patrons at any level will receive our brand new revised digital download of Ruth Haley Barton's Lent: A Season of Returning. It includes all the scriptures and space to journal your own thoughts and prayers. Become a patron today and support our podcast ministry. SUBSCRIBE ON ITUNES You can also access podcast on Google Play or Stitcher. Listen to other episodes from Season 12 Access past podcast seasons Mentioned in this podcast: The Deeper Journey: The Spirituality of Discovering Your True Self, M. Robert Mulholland Jr. Lent: A Season of Returning, Ruth Haley Barton Become a patron: Join a growing movement of transforming leaders! Become a patron at any level during Lent and immediately receive our new digital edition of Lent: A Season of Returning when you become a patron at any level. Music Credit: Lent: Music in Solitude CD (Available soon in our online store) The Transforming Center exists to create space for God to strengthen leaders and transform communities. You are invited to join our next Transforming Community:® A Two-year Spiritual Formation Experience for Leaders. Delivered in nine quarterly retreats, this practice-based learning opportunity is grounded in the conviction that the best thing you bring to leadership is your own transforming self!
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Anderson Business Advisors Podcast
Anderson Business Advisors Podcast
Tax Tuesday with Toby Mathis 02-16-2021
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1 hr 9 min
Simply Tax
Simply Tax
Damien R. Martin, CPA
2021 Tax Filing Season Begins! #118
The American Institute of CPAs (AICPA) Tax Policy & Advocacy Team and volunteer members continually monitor and advocate on legislative, regulatory, and administrative tax matters. The team has been off to an active 2021, following a remarkably busy 2020. Guests Amy Wang and Alex Scott of the AICPA Tax Policy & Advocacy Team join host Damien Martin to share updates and provide insight into the current areas the team is closely watching and working in. Here’s what’s covered: * [03:20] Update on virtual currency-related tax issues and the AICPA comment letter on IRS virtual currency guidance (February 28, 2020) * [07:45] Insights on partnership tax basis capital reporting and the AICPA comment letter on Notice 2020-43 regarding tax capital reporting (September 15, 2020) * [16:07] Form 1065 instruction updates and the AICPA comment letter on the draft Form 1065 instructions (December 7, 2020) * [17:47] The latest on the Organisation for Economic Co-operation and Development (OECD) digital tax developments and AICPA advocacy efforts * AICPA policy paper: Taxation of the digitized economy(Revised May 2019) * AICPA comment letter on key elements essential to modification of the international tax system (May 2019) * AICPA comment letter on Pillar One and income allocations between jurisdictions (October 2019) * [22:33] Forms 5471 and 5472 penalty issues * [26:14] Section 163(j) guidance and AICPA advocacy efforts * AICPA comment letter on final and proposed regulations – pass-through issues (December 21, 2020) * AICPA comment letter on Section 163(j) international and exempt organization issues (December 21, 2020) * [36:20] Advice on the 2021 tax filing season Learn more about our guests and get additional resources here. GET MORE “SIMPLY TAX” We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel. A complete archive of our episodes is available on our website and YouTube playlist. We’d love to hear from you! Email feedback and questions to Connect with Damien on social media! LinkedIn | Twitter | Instagram | YouTube
43 min
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