How Much Money Should You Put Into a College 529 Plan?
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For many years, 529 plans have been one of the best ways to save for education expenses such as college tuition or books and school supplies. However, up until recently, people who wanted to spend money from their 529 accounts on anything besides qualified education expenses were forced to pay additional taxes and penalties on the money that they withdrew.

But, starting in 2024, a massive rule change is going into effect for 529 plans. This change will allow people to roll over leftover funds from their 529 plans into a Roth IRA account that they can use to save for retirement in a tax-advantaged way.

In this video, tax expert Karlton Dennis breaks down everything you need to know about this historic change to 529 plans. This new rule change for 529 plans is so significant that it could dramatically impact the way that people save for both education and retirement. If you want to save for either of these things, then this is a great video for you to watch.

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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Warren Buffett explains why most people who invest in the stock market lose money.

💥RAY DALIO Explains How the NEW WORD ORDER will Provoke a GREATEST CRISIS – Investment Opportunities

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Mapapanood ang PART 1 ng “The Lost Money” sa YouTube Channel ng @GratienzaEntertainment

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#chatgpt #bigmoney

The Federal’s K Giriprakash closely examines the role of Artificial Intelligence, particularly ChatGPT, in financial planning. Despite AI’s groundbreaking advancements, using ChatGPT for personalised financial advice suffers from inherent limitations. Concerns around contextual understanding, the accuracy of the information, emotional intelligence, security, privacy, and ethical considerations assert that human financial planners remain irreplaceable.

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Cabinet customers lose big money; owner runs from our cameras

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