Julie Shields-Rutyna and Jonathan Hughes from MEFA break down the intricacies of 529 plans. They address what happens if a student decides against college after savings have been made, emphasizing flexibility in those funds. They discuss the crucial balance between saving for retirement and funding education. Listeners learn about the differences between directly sold and advisor-sold plans, alongside updates on how grandparent-owned 529 plans are now assessed. Their insights demystify financial aid implications, helping families navigate these essential decisions.

In this discussion, Julie Shields-Rutyna and Jonathan Hughes from MEFA dive into the essentials of 529 plans, demystifying account setup and contributions. They share valuable insights for families navigating college funding options, emphasizing the plan's unique advantages. Additionally, they tackle how colleges can best support unorganized students, providing tips for parents on selecting institutions with robust support services. With authentic engagement and personal stories, listeners gain a clearer understanding of both college admissions and financial planning.