It’s Sunday, which means...It’s recap time!

The theme this week on the One Minute Retirement Tip podcast was: grandparent-owned 529 college savings plans.

Hopefully after listening to the podcast this week, you understand how much of an impact you can have in the financial lives of your grandchildren by being thoughtful and intentional about how you might support them financially with college. One of the best vehicles for doing that with big benefits for both you and your grandchild is the grandparent-owned 529 college savings plan.

Here’s what we covered in each episode this week:

  • First we started with the basics of 529 plans and I explained why these are such a powerful tool for setting your grandchildren up on the right financial path as they enter adulthood
  • Then we talked about the differences between parent-owned and grandparent owned 529 accounts and 6 big benefits of 529 accounts
  • Finally over the last couple days, we discussed the latest rule changes with 529 plans owned by grandparents that made these a lot more attractive, especially for students' financial aid packages.

If you missed any of these episodes, you can find them on Apple Podcasts or wherever you listen to podcasts by searching for the “One Minute Retirement Tip with Ashley”.

Tomorrow, come on back, because we’re starting a brand new theme: Retirement Rules Of Thumb You Should Ignore. I’ll talk about retirement rules of thumb you may have heard about or are using that you’re probably getting wrong. Even though on the surface it may seem like it’s making planning for retirement simpler and easier, using rules of thumb isn’t always a good idea. I’ll share with you which ones you’ll want to avoid next week.

Thank you so much for listening this week! My name is Ashley Micciche and I hope you have a blessed Sunday.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

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