Saving for Daughters
Matt seeks advice on the best way to save for his daughters' futures, weighing options like 529 plans and custodial accounts. He expresses concerns about penalties and potential impacts on scholarships, highlighting the importance of account ownership. Insights reveal that the account holder's identity can significantly affect financial aid eligibility, making this decision crucial for future planning.In this clip
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How to Money
Ask HTM - Investing in Gold, Paying Extra Towards a Mortgage, and Opening a Flexible Account for Kids #140
Related Questions
How should you go about setting up a 529 plan for your child as discussed in the episode Ask HTM - Investing Deadlines, Building Generational Wealth, & Coping With Financial Regrets #808 and the clip Smart Savings Strategies?
How should you go about setting up a 529 plan for your child as discussed in the episode Listener Mailbag and the clip Investing in Children?
How should you go about setting up a 529 plan for your child as discussed in the episode Listener Mailbag and the clip Investing in Children?