Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Why Your State Tax Break May Be Costing You More
We dissect the hidden opportunity cost of chasing state tax deductions in your 529 plan. Using a concrete example from New York, we show how locking money into low-yield local funds to get a two percent deduction can drag down long-term returns by hundreds of dollars per student. Lucas and Luna break down when that trade-off makes sense and when it quietly hurts your child’s future.
#529Plans #CollegeSavings #StateTaxDeductions #InvestmentFees #OpportunityCost #FinancialPlanning #HigherEducation #PersonalFinance #CompoundGrowth #RetirementVsEducation #TaxStrategy #InvestmentPerformance…
The skinny
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