How do you pay for higher education without sacrificing your financial future? In Part 2 of their education planning series, the Future Value Podcast team gets practical. Hosts John Pellosie, Joe Freemont, and Justin Ahner share real strategies to help families and students manage rising education costs with confidence. From making smart moves in high school like AP courses and dual enrollment, to uncovering overlooked scholarships, they cover how to lower costs before tuition is even due. The conversation also breaks down pay-as-you-go options, work-study programs, 529 plans, FAFSA basics, and the role student loans can play in your overall plan. This episode is full of tips for parents looking to plan ahead and for students seeking affordable ways to pursue their goals. If higher education is on your horizon, this conversation will help you take the next step with clarity. _______________________________________________________________
The fees, expenses, and features of 529 plans can vary from state to state. 529 plans involve investment risk, including the possible loss of funds. There is no guarantee that an education-funding goal will be met. In order to be federally tax free, earnings must be used to pay for qualified education expenses. The earnings portion of a nonqualified withdrawal will be subject to ordinary income tax at the recipient’s marginal rate and subject to a 10 percent penalty. By investing in a plan outside your state of residence, you may lose any state tax benefits. 529 plans are subject to enrollment, maintenance, and administration/management fees and expenses.
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Legacy Planning- 3440 Hamilton Blvd Allentown, PA 18103 - 610-719-8600 www.legacy-online.com Legacy Planning offers securities and advisory services through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Legacy Planning is owned by HUB International. HUB and Commonwealth are separate and unrelated entities.