529 Accounts: Three Things That Are More Important

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4 • 606 Ratings

🗓️ 23 October 2018

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“Better start planning for college!” – Every financial planner when you tell them you’re having a baby

Speaking of having a baby, my second son was born the day this podcast episode was recorded.

Please welcome Sutton Cole! He weighed 7 pounds 7 ounces, he’s sleeping like a champ, and he doesn’t have a 529 college saving account.

While planning for college is important, there are three things more important than opening a 529 college savings account when you have a child.

Listen to today's show to learn the critical financial planning moves new parents (or parents that haven't started planning) need to make.

If you have any more questions, please contact us at [email protected]

Thanks for Listening

Be sure to subscribe on iTunes, Stitcher, Spotify, Android, or wherever you get your podcasts. And feel free to drop us a line at [email protected]

Find show notes and more information at http://www.staywealthysandiego.com/33

DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

Transcript

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0:00.0	If you don't put money in one of those accounts, let's just be real.
0:03.1	Your kid can still go to college.
0:05.6	It might take some more planning, but it's absolutely possible for your child to go to college
0:10.9	if you never put money in a college savings account.
0:16.1	Welcome to Stay Wealthy San Diego, a show for successful professionals doing all the right things
0:22.0	with their money and are ready to take their financial plan to the next level.
0:26.4	I'm certified financial planner Taylor Schulte, and I'm here to teach you advanced financial
0:30.9	planning strategies in plain English.
0:35.4	Welcome to the Stay Wealthy podcast.
0:38.9	Today on the show, I am doing something really, really different.
0:43.5	If you can't tell in my voice, it's currently about 5.30 in the morning.
0:48.7	I'm at home having my first of many cups of coffee for the day and get ready for this. My wife and I are
0:57.0	having a baby today. Yeah, today's a big day. If all goes as planned in just a few hours,
1:04.0	we will be checking into the hospital and they're going to start the induction process.
1:08.6	So big day for me over here. And I just, I don't know, I just felt
1:12.2	inspired to get up early and start my day and, um, and get a podcast on. I don't know why.
1:18.3	But anyhow, this is number two for us. It's a boy and we are really excited. And maybe by excited,
1:26.7	I mean I'm, I'm completely terrified. Our first,
1:30.5	who is a year and a half years old, he didn't sleep for the first eight months. So I'm officially
1:36.9	scarred for life. But fingers crossed, I'm hoping this one goes easy on us. And of course,
1:43.5	in all seriousness, I am really excited. I'm,
1:45.6	I'm excited to meet him. I'm excited to watch my older son become a big brother. I'm excited for
	...

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