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The Stacking Benjamins Show

Squeezing More From Your College Savings Plans

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 4 September 2017

⏱️ 52 minutes

🧾️ 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)

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Transcript

Click on a timestamp to play from that location

0:00.0

This is Scott from California. When I'm not hiking at National Parks, I'm stacking

0:05.0

Benjamas.

0:10.0

Live from Joe's mom's basement, it's the Stacking Benjamin's show. Happy Labor Day, everyone.

0:26.6

This is my favorite holiday, because what other day do you get to talk about work and not actually do any?

0:33.3

It's the best day ever.

0:35.0

Lucky for you, we're still putting on this here podcast today.

0:38.3

And to help us, we welcome from the College Plans Savings Network,

0:42.2

the group bringing innovation to 529 college savings plans, James DeUlio.

0:47.8

In our headline segment, we'll share facts about America's millionaires and still

0:52.0

leave time to throw out the Haven Lifeline to a listener

0:54.6

and answer your letters.

0:57.0

And don't worry, you'll still be able to catch a little buzz off my trivia.

1:00.8

And now, two guys who know nothing about labor, Joe and O J-J-J-J-J-J-J-J-G.

1:13.1

We're laboring through this show on a holiday.

1:15.2

How great is that?

1:16.4

Yeah, how many people are working on a holiday?

1:18.2

Not many, except you and me, bud.

1:20.5

But we're here for you.

1:21.5

Welcome to the Stacky Benjamin's show, everybody.

1:23.4

You have found us.

1:24.8

And guess what?

1:25.5

You're in for an hour of money and hilarity well at least

...

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