SAN ANTONIO - September is ‘College Savings Month’ and while many of us recognize the importance of saving up for an education, sometimes it's difficult to know the best way to go about it.
Here to give us some tips is Lance Humphrey, a portfolio manager at Victory Capital.
Lance discusses 529 plans, which are tax-advantaged savings accounts designed for educational expenses. He recommends that families start saving for college early and often. He also emphasizes the flexibility of 529 plans, which allow the funds to be used for a variety of educational expenses and can even be rolled over into a Roth IRA if not needed for college.
CLICK HERE to learn more about 529 plan accounts...