Explaining 529s with Collegebacker CEO Jordan Lee

Jordan Lee is the CEO and co-founder of CollegeBacker, a startup that helps people start 529 college savings plans. In this episode, learn what a 529 plan is, why it’s so important and how to get started. In today’s episode, you'll find out: What led Jordan to co-founding CollegeBacker How a 529 plan works The impact of saving when your child is young What counts as a qualified expense for a 529 Tax benefits of a 529 What’s a good annual contribution Should a 529 be priority over retirement savings? What superfunding is How to calculate what to save in a 529 How friends and family can contribute to your child’s 529 Which states provide income tax benefits with 529 plans What happens if your child decides not to attend college Differences between adviser-sold and direct-sold plans How you might choose where to house a 529 plan How prepaid tuition plans work Can you save too much to a 529? Why every parent should contribute a 529 plan Full show notes at https://studentloanplanner.com/33