12.20.22 Investment Accounts Vs 529 Plans / The Best Pharmacies

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 20 December 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is it wiser for a family to fund an investment account over a 529 plan? 529 plans are a slam dunk for a kid definitely going to college. But if there’s uncertainty surrounding attending college, Clark offers 2 alternative ways to save for the best tax outcome. Also, the pharmacy industry is under duress due to staffing shortages. Learn which are the top-ranked pharmacies for customer service. Investment Account Vs 529 Plan: Segment 1 Ask Clark: Segment 2 Best Pharmacies: Segment 3 Ask Clark: Segment 4 Mentioned on the show: MARKETWATCH: How $10,000 will help my newborn granddaughter have a better retirement Best 529 College Savings Plans By State What Are Index Funds? / Best Investment Companies for Investors in 2022 How To Open a Roth IRA Clark.com Report: The Best Pharmacies for Customer Satisfaction Can Credit Repair Companies Really Raise Your Score? How to Deal With Medical Debt 6 Things To Know Before Contacting the National Foundation for Credit Counseling Fidelity Personalized Planning & Advice Review Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Connections can take your business anywhere, so meet Meta and make new connections.
0:08.0	Meet engaged audiences and make lasting relationships.
0:12.0	Meet some of the world's best creators and delight your customers with Reels ads.
0:18.0	Meet powerful ways to sell, to help you grow your business.
0:23.0	Meet opportunity, meet Meta at emea.metaMarketingSummit.com
0:35.0	I'm so glad you've joined us here on the Clark Howard Show where it's about you.
0:40.0	I want to serve you and empower you to take better control and make better financial decisions in your life.
0:48.0	Today, I'm going to address something that I've been asked more and more of late.
0:54.0	As people are questioning the value of a college education,
0:59.0	should I even do a 529 plan for my child or am I better off doing a straight investment account?
1:08.0	We're going to talk about that.
1:09.0	Also, the pharmacy industry is going through turmoil.
1:14.0	Where are the places that are still giving people the best service overall?
1:22.0	I'm going to concentrate on the positive, not so much the negative with that.
1:25.0	We're going to talk about that.
1:26.0	But I got new survey data that I can share with you.
1:31.0	It used to be a pretty linear question.
1:35.0	People would be excited about having a new grandchild or a new child, particularly the parents with a new child.
1:43.0	If they were not too sleepy to ask the question, would ask me about setting up a 529 plan for their kids' college?
1:53.0	And the reason I say it's linear is they'd have the baby and then they'd ask me about the 529 and how to set it up and where they should do it and all that.
2:03.0	Today, I've noticed such a shift in the questions I'm being asked where more and more parents and grandparents are saying,
2:14.0	you know, I'm not sure I should do a 529 plan.
	...

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