Listener Question: Saving for My Kid's College #025
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 27 June 2018
⏱️ 57 minutes
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Summary
This is our first ever listener question that we've addressed on the show - from Mark: “I was wondering about your thoughts on saving for a child’s education. My wife and I both work at colleges (she’s a professor, I’m a counselor) and we’re actually not sure what college will look like in 15 years and what the value proposition will be. Also will our kid(s) even want to go to college? We haven’t made decisions on a 529 or other account but starting to have the discussion. Thanks, fellas!” Mark is asking all the right questions and this was a great excuse for us to cover an important topic.
In this episode we cover some of the pros/cons of 529 plans, discuss how you should prioritize saving for your kid's college in relation to saving for your own retirement, cover some alternative views on college, and then we share whether or not we're planning to save for our own kid's college.
At the beginning of this episode we popped open and enjoyed a Champs de Fraises by Firestone Walker, a barrel aged wild ale fermented with strawberries, which you can learn all about on Untappd. A special thanks to our friend Josh for donating this beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!
For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!
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Transcript
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| 0:00.0 | Check out the Your Financial Maven Podcast where we need to change the way we think about |
| 0:05.4 | money, our understanding of it, and the effects. |
| 0:08.4 | I'm Samantha Mitman-Bessnov, CPA, and I have spent over 25 years in the accounting field. |
| 0:13.7 | The Your Financial Maven Podcast will touch on things like saving and budgeting and |
| 0:17.7 | really anything around money to help you feel financially empowered. |
| 0:21.7 | Listen to the Your Financial Maven Podcast on the iHeartRadio app, Apple Podcast, or |
| 0:26.8 | wherever you get your podcasts. |
| 0:30.4 | Hey, it's Joel. |
| 0:31.4 | And Matt. |
| 0:32.4 | And if you're like us, you're probably staying up way too late, asking questions like, |
| 0:36.2 | how can I hate my taxes less? |
| 0:37.7 | Or did my recent medical bill really have to cost that much? |
| 0:41.6 | Well look, you can go to bed at a normal time because Freakinomics Radio, one of our |
| 0:45.5 | favorite podcasts, is here to help. |
| 0:47.5 | Yeah, Freakinomics Radio has more than 500 episodes worth of answers to your biggest |
| 0:52.5 | money questions with the help of fascinating guests, including CEOs, artists, and Nobel |
| 0:57.8 | laureates. |
| 0:58.8 | Make sure to check out their new series about the economics, the politics, and the ethics |
| 1:03.6 | of returning the world's art to its makers. |
| 1:06.9 | Listen wherever you get your podcasts. |
| 1:27.8 | Welcome to How To Money. |
| 1:41.7 | I'm Joel, and I'm Matt. |
... |
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