529 Plans Explained // BEST College Savings Plan

What's the best college savings plans? If you're wondering how to save for college and aren't sure where to start, then you'll love this video! (you might also like ➡️WHEN to REBALANCE your 529 Plan:    • When to REBALANCE Portfolio 2021 (Rebalanc...  ). In this video I also discuss some of the differences between contributing to a college savings 529 plan, college prepaid account, Educational Savings Account ESA, or one of the custodial accounts (UTMA or UGMA). If that is what you're looking for then this video is for you! I also share all the different and best ways to save for college as well as some alternative ways to pay for college such as going to a community college for 2 years then transferring your credits over to a university, deciding to go the Trade School route, working through school, applying for scholarships & grants, and/or living at home to reduce your expenses while in school. Hope you like the pro-tip at the end and find one or two financial nuggets! Investment Calculator: https://www.calculator.net/investment... ————— ➡️ Share this video with a friend:    • 529 Plans Explained // BEST College Saving...   ————— Timestamps / Chapters 0:00 - Intro 2:27 - How to PAY for College 5:25 - Educational Savings Accounts (ESA) 7:02 - Custodial Accounts (UTMA & UGMA) 9:32 - College Pre Paid Accounts 11:46 - College 529 Savings Plan 16:31 - PRO-TIP!!! 18:19 - How Much Should I Save for College ————— ABOUT ME 👇 I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos. My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course...my experience as a Former Financial Advisor. This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. Subscribe if you are interested in: #HowTOsaveForCOLLEGE #FinancialPlanning #529Plans DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.