Is a 529 Plan the Right Way to Save for Your Child’s Education?

Are you thinking about saving for your child's education with a 529 plan? In this video, we break down what you need to know—from tax benefits to contribution limits, and even recent rule changes.

We also discuss common pitfalls and strategies to maximize your savings. Whether you're a parent, grandparent, or just planning ahead, this video about 529 plans will help you make an informed decision.

Note: Annual Gift Exclusion at the time of recording (2024) was $18,000. For 2025 it has been raised to $19,000.

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.