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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

529 Penalties and Taxes

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Self-improvement, Money, Education, Investing, Real Estate, Business

4.6858 Ratings

🗓️ 19 July 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

On this episode of DIY Money, Quint and Logan clarify what actual fees and taxes you could pay on a 529 plan. They talk about some of the benefits of this plan as well.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, this is Daniel.

0:01.8

Thanks for listening to DIY Money.

0:04.1

If you haven't already, be sure to give us a five-star review on iTunes so your friends know that they can learn from the show.

0:10.5

Now, enjoy the show.

0:16.4

Welcome back, ladies and gentlemen.

0:18.6

You're listening to another edition of DIY Money?

0:20.7

DIY Money. DIY money. DIY money. What and gentlemen, you're listening to another edition of DIY money? DIY money.

0:21.7

DIY money.

0:22.8

DIY money.

0:24.0

What's happening, Logan?

0:25.4

Well, I know last time we talked about yard games.

0:28.2

Now I want to talk about summertime cooking out.

0:30.8

So are you a griller?

0:32.5

Does your wife do the grilling in your house when you're doing, you know, Fourth of July, things like that?

0:37.1

I just made a very

0:38.1

sexist facial expression that i'm sure alley was like that's not cool because the minute you go does

0:43.7

your wife do the grilling i was like what if you could see i was like what is that even a thing so that's

0:48.3

terrible i'm i'm we just angered half our audience i really do apologize oh yeah Oh, yeah. Okay. Do you throw down?

0:55.3

So I, not to the extent that some people do. Okay. I used to think, yeah, oh, yeah, I would say,

1:01.8

yeah, I throw down. And then I started observing other friends who just, it's a little,

1:07.6

it's a little cray cray. We bought a few years ago, a friend of mine was selling on Facebook marketplace a blackstone, needed a little love, which was right in my wheelhouse, bought it for $100, needed some resurfacing or whatever that's called, did that, thankfully, through

1:28.2

YouTube and all, I mean, I learned through YouTube. So we use that quite regularly. We find, so we're the,

...

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