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The Pros and Cons of The 529 With Sean Mullaney

The Personal Finance Podcast

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Prioritizing Retirement Savings and Understanding State Tax Benefits

This chapter discusses the importance of prioritizing retirement savings and understanding state tax benefits when opening a 529 plan. It explores the limitations and variations in state tax benefits, including the option of using a non-resident state's 529 plan. The chapter also highlights the unique tax rules in South Carolina and the impact of Secure Act 2.0 on 529 plans.

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