How Can I Maximize My 529 Investing?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 29 January 2024

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Joe's with us in Atlanta, hi Joe, welcome to the Ramsey Show.
0:27.0	Hey Dave, hey John, nice to talk to you guys.
0:30.0	You too, what's up?
0:31.0	Yes.
0:32.0	So I got a question.
0:32.8	This is about 529 plan.
0:35.3	I have two kids, 1-6-14, and then we just found out we have two coming next year,
0:41.5	so we'll have a total of four.
0:43.0	Yeah, yeah, yeah, yeah, pretty exciting.
0:47.0	Once we got over the shock of having two at a time, but,
0:51.0	so my question is we have a surplus of funds for this year. We are 100% debt free, no mortgage, no cars, so that's of any kind of credit card card I hate it way and I know it's it's hard where you go
1:06.5	would you run for Congress?
1:09.5	If I have any, I would.
1:14.0	He's like, man, I was thinking Dave,
1:15.6	but I'm also able thinking about setting myself on fire.
1:18.0	Yeah, yeah, yeah, yeah.
1:21.0	So my question is, on the Georgia 529 plan it's tax deductible up to 8,000 per kid per year.
1:30.6	And we can only have two right now because I think you need a social security
1:35.8	number for each account you set up.
1:37.8	You do, you're right.
	...

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