The earlier you start saving for your child or grandchild's education, the easier it will be. Not sure how to start? Dustin Smith reviews some of the options with the hosts of WCCO Mid Morning.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally
tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
Dustin Smith has expertise in financial literacy and is an Adjunct Professor at Minnesota State University, Mankato. His experience includes creating custom financial strategies at a Fortune 500 financial services company.