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Strategies for Unused 529 College Savings Plans
College tuition costs continue to skyrocket, with average 4-year tuition now over $100,000 for public schools and over $200,000 for private schools. Many parents invest in 529 college savings plans to help cover future education expenses tax-free. But what if your child decides not to attend college or receives significant scholarships? Tune in now to hear host Jeff Trapp, the founder of The Tax Planning Pros, offer options on how to handle unused 529 funds without tax penalties. If you're enjoying our podcast, please support our channel by liking, subscribing, and sharing our content. Then…
The skinny
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