158-Masterclass on 529 Plans a.k.a. Qualified Tuition Programs - Part 3: Pre-Paid Tuition Plans
Radical Personal Finance
00:00
Prepaid Tuition Programs - The Primary Reason Why They're Popular
In florida, these are incredibly popular. In fact, to the best of my knowledge, florida has the most popular, largest prepaid tuition programme in the country and it's very rare. And again, you can pay it in a lump sum, you canpay it in a series of ongoing payments. You can pay it off in, you know, three or five years, depending on the plan, something like that. But that's how they work in essence. Now let me give you the sales pitch for why these plans are popular. It allows the parent to purchase what they need and plan to provide for their child without having to face the uncertainty of investment risk.
Play episode from 04:41
Transcript
