In this video, I go over the various investment accounts you can open for your kids or grandkids, or nieces/nephews. I also review how each account is taxed and how each account affects the FAFSA (Free Application for Federal Student Aid). I also share where you can get funds to start the initial investment.
This video is a recorded and paid session of a live class so I have removed some of the questions at the end.
🏫 For our self-paced course on this topic: [ Ссылка ]
VIDEO CHAPTERS
00:00 Intro
06:24 Things to Consider
09:18 The 529 Plan
20:53 Coverdell Education Savings Account (ESA)
26:13 UTMA/UGMA (The Teachable Account)
32:00 Custodial ROTH IRA
37:00 The ABLE Account
40:06 How to fund these accounts
44:50 How to get family and friends to contribute
45:17 How to gift to these accounts
VIDEO RESOURCES
**Script to ask family and friends to contribute to 529 Plan
[ Ссылка ]
**Morningstar 529 Ratings: [ Ссылка ]
**Learn more about 529 Plans
[ Ссылка ]
**Learn how you can get a matching grant for the NJBest 529 Plan
[ Ссылка ]
**Sisters for FI Blog Post
[ Ссылка ]
SISTERS FOR FI RESOURCES
** Website: [ Ссылка ]
** Instagram: [ Ссылка ]
** Facebook Community: [ Ссылка ]...
** FREE College Grad Money Advice eBook: [ Ссылка ]
** Buy Highly Rated The Money Journal: [ Ссылка ]
