Episode 95: Educational Savings Accounts with Michael Karwic
Financial Freedom Podcast - A podcast by Steven J. Richardson, Esq.
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In Episode 42 of the podcast I talked about how to use a particular type of savings account (referred to as a 529 account) to save for your children’s education. I gave some general information and urged people with children to look into them. However, I always wanted to revisit this topic later for a deeper dive. That’s why on this episode of the podcast I talk with Michael Karwic, a Certified Financial Planner in Pennsylvania, to take a more in-depth look at educational savings accounts to help you get started in saving for your children’s future! In this episode you will learn: What is a 529 Fund? How do you set one up? Who can set one up? Is a 529 plan right for everybody? If not, what alternatives are out there?
