Squeezing More From Your College Savings Plans

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.4 • 2K Ratings

🗓️ 4 September 2017

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

According to MyCollegeGuide.org, the average cost of tuition in the USA ranges from just over $8,000 for an in-state public experience to a whopping $28,500 for a private school. How do you afford those numbers, and also all of the other costs like room and board, books, and transportation? James DiUlio knows all about college costs and saving for it, so we're happy he's going to tell us about 529 plans. How do they work best, when should you use a 529 plan, what tax breaks should you expect, and how are they different than other college planning vehicles? In our headline segment we talk about people who've labored hard to become millionaires. What are some common traits of the wealthy? We'll share some surprising numbers. We'll also throw out the Haven Life Line, feature some Labor Day trivia from Doug, and more. Special thanks to M1Finance and Tiller for sponsoring our show! We couldn't do any of this without the support of these awesome companies. Want to test drive M1Finance? Use code StackingBenjamins when signing up for a FULL year free.... (expires 10/31/17) Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You know in today's world seems like the best treatments reserved only for a few. Well,
0:04.4	Discover wants to change that by making everyone feel special. That's why with your Discover card
0:09.8	you have access to 24-7 live customer service as well as $0 fraud liability, which means you're never
0:16.5	held responsible for unauthorized purchases. Finally, no matter who you are or where you are in life,
0:22.4	you'll feel special with Discover. Learn more. No matter who you are or where you are in life,
0:22.6	you'll feel special with Discover.
0:24.6	Learn more at Discover.com slash credit card.
0:27.4	Limitations apply.
0:29.0	This is Scott from California.
0:31.1	When I'm not hiking at National Parks, I'm stacking Benjamins.
0:34.5	Live from Joe's mom's basement.
0:41.5	Live from Joe's mom's basement, it's the Stacking Benjamin show. Happy Labor Day everyone. This is my favorite holiday because what other day do you get to talk about work and not actually do any?
1:02.0	It's the best day ever. Lucky for you, we're still
1:05.2	putting on this here podcast today and to help us we welcome from the
1:09.2	College Plans Savings Network, the group bringing innovation to 529 College Savings Plans, James De Ullio.
1:16.8	In our headline segment, we'll share facts about America's millionaires and still leave time
1:21.4	to throw out the Haven Lifeline to a listener and answer your letters.
1:25.6	And don't worry, you'll still be able to catch a little buzz off my trivia.
1:29.6	And now, two guys who know nothing about labor, Joe and O, J, J, J, J, J, J, G.
1:37.0	We're laboring through this show on a holiday. How great is that?
1:45.0	Yeah, how many people are working on a holiday? Not many except you and me, but we're here for you.
1:50.0	Welcome to the Stackybendement Show everybody. You have found us and guess what you're in for an hour of money and
	...

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