Dr. Dolly: Your kids are going to get an inheritance but not so much that they can't do nothing. They don't get any of it until they're 40 and then they get a third of it in their 50s or 60s. You should be considering another non taxable fund that cares about being tax efficient with better overall returns, Dr. Dolly says.
Today we answer your questions about 529's. We try to help clarify the changes coming with Secure Act 2.0. We talk about if it would make sense for 529s to be under a grandparents name to avoid your child not qualifying for FAFSA. We discuss if it is smart to save in a 529 if you aren't sure if your child will attend college in the US. Dr. Dahle answers questions about his families' plan for inheritance for their kids and discusses which funds to choose for your kids Roth IRAs. We even touch on the topic of how much is reasonable to spend on an engagement ring.
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