Squeezing More From Your College Savings Plans

According to MyCollegeGuide.org, the average cost of tuition in the USA ranges from just over $8,000 for an in-state public experience to a whopping $28,500 for a private school. How do you afford those numbers, and also all of the other costs like room and board, books, and transportation? James DiUlio knows all about college costs and saving for it, so we're happy he's going to tell us about 529 plans. How do they work best, when should you use a 529 plan, what tax breaks should you expect, and how are they different than other college planning vehicles? In our headline segment we talk about people who've labored hard to become millionaires. What are some common traits of the wealthy? We'll share some surprising numbers.  We'll also throw out the Haven Life Line, feature some Labor Day trivia from Doug, and more. Special thanks to M1Finance and Tiller for sponsoring our show! We couldn't do any of this without the support of these awesome companies. Want to test drive M1Finance? Use code StackingBenjamins when signing up for a FULL year free.... (expires 10/31/17) Learn more about your ad choices. Visit podcastchoices.com/adchoices