Financial Strategies for Parents
A new legislative change allows parents to roll unused 529 plan funds into their child's Roth IRA, creating a powerful opportunity for future financial growth. The discussion emphasizes the importance of proactive saving for college and removing excuses for not preparing financially. Listeners also hear a real-life scenario about balancing savings for immediate needs, like a car and home maintenance, with the desire to invest for the future.In this clip
From this podcast
The Ramsey Show
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Related Questions
Should I start a 529 college savings plan based on the episodes Ask HTM - Stashing Money for 3-6 Years, Ways to Teach Kids About Investing, & Taxes on Summer Jobs #370 and College Savings Strategies?
What are some insights on saving for college from the episode Listener Question: Saving for My Kid's College #025 and the clip College Savings Strategies?