Tax Benefits Of 529s, With Brad Baldridge

College tuition and related expenses will be significant expenditures for most families. Fortunately, there are some significant tax advantages to incentivize savings.

Brad Baldridge joins Michael to discuss the ins and outs of the 529 plan, including a discussion of “cycling” and other advanced techniques.

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Episode Highlights

  • Summary of the tax benefits of 529 plans.
  • Nuances related to selecting a state plan vs. an out-of-state plan.
  • Options for investors with overfunded 529s.
  • Contribution limits for 529s.
  • Comparison of 529s vs. prepaid tuition plans.
  • How to maximize the state tax benefits of 529s via cycling and other strategies.

Episode Resources

Today’s Guest: Brad Baldridge, Taming The High Cost Of College

About The Tax Efficient Investor Podcast

On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.

Michael Johnston, CFA
Michael Johnston, CFA

Michael Johnston, CFA is the co-founder and President at WealthChannel, and host of WealthChannel Academy.

Michael previously founded ETF Database, the leading independent authority on exchange-traded fund investing.

Michael's professional experience includes positions in corporate finance and investment banking, as well as entrepreneurial experience as a co-founder and early employee in multiple high growth, venture-backed companies.

Michael graduated from the University of Notre Dame with a degree in Finance. He lives in Oregon with his wife and son.