Summary:

In this episode, Anthony interviews Mark Willis. Mark is a Certified Financial Planner, a bestselling author, the host of the award-winning podcast, Not Your Average Financial Podcast, and the owner of Lake Growth Financial Services. He specializes in late-stage college savings planning and today he shares how to pay for college without going broke.

Covered Topics:

• What is a 529
• The tax break areas of 529
• Where you can spend 529 funds
• FAFSA (Free Application for Federal Student Aid)
• The complementary and supplementary mechanics for saving for college

Takeaways:

• Without 529’s, the student’s option for college is through student loans.
• Funds sometimes underperform the market so it’s best to always check performance.
• Your options should not be either/or but both/and — maximize every dollar you can.

Link and Resources:

• SavingForCollege.com – A website that gives calculations for tuition fees and possible 529 outcomes

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