The Pros and Cons of The 529 With Sean Mullaney

Dec 25, 2023

Discussion on the limitations of the 529 plan for college savings, including strategies for securing financial independence before saving in a 529 plan. Exploring the advantages of taxable accounts over 529 plans for education savings. Examining the use restrictions of the 529 plan and the importance of prioritizing retirement savings. Understanding state tax benefits and exploring third options in financial planning. Addressing fear and conservative planning in financial markets.

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Introduction

00:00 • 4min

Rethinking 529 Plans: A Different Perspective

04:20 • 17min

Flexibility of Taxable Accounts vs. 529 Plans for Education Savings

21:23 • 12min

Exploring the Use Restrictions of the 529 Plan

33:24 • 6min

Prioritizing Retirement Savings and Understanding State Tax Benefits

39:07 • 7min

Understanding Restrictions, Favorite Books, and Identifying Third Options in Financial Planning

45:46 • 2min

Fear and Conservative Planning in Financial Markets

47:18 • 5min