What Should I Do With Money Left in a 529?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 13 September 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

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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. Charlotte's in Cincinnati.
0:24.0	Hey Charlotte, how are you?
0:25.0	Hey, good afternoon, Dave and crew.
0:28.0	Thank you so much for taking my call.
0:30.0	I thoroughly enjoyed listening to your program.
0:33.9	My question is, just a tiny bit of my backphrase, my husband passed away in 2012 and as a result
0:42.2	of insurance money coming in we were able to get debt-free my daughter
0:46.8	and I and we have stayed debt-free thank God and she just finished her freshman year in college.
0:54.7	We have a cafeteria 529 plan.
0:57.0	Projected...
0:59.0	You have a what 529?
1:00.0	It's called a cafeteria 529,, but it could just be hot.
1:04.0	I didn't hear, I didn't hear the word.
1:05.0	Okay, cafeteria, okay, I got you.
1:07.0	Yeah, good.
1:08.0	That's a good plan.
1:09.0	So, yeah, so we've got our college paid for as far as that's concerned but unfortunately
1:17.1	the way that it's grown there's a trajectory of being like an eighty thousand
1:22.4	dollars surplus at the at the end it's and I found out that I can
1:28.2	only put $35,000 in a Roth IRA in her name. That's true after she's 30. Okay. So I'm a little bit concerned
	...

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