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CollegePrepMastery.com | Assessed Vs Non Assessed Assets
Manage episode 246262905 series 1043358
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Financial planners are paid to market products. They're not rewarded for how much financial aid you receive. For example, the 529 Savings plan is one of the worst ideas the average college family will ever implement. 529 Plans are tied to the stock market. How do you think that's worked out for most people over the past twenty years? And....The 529 plan counts as an asset against you when you list all of your assets on your FAFSA form. Even if you did have a tax benefit from the plan, you will end up giving it back. There's many others we will dive into on today's show. Be prepared to be shocked of what you will hear. Chip Wittrock www.CollegePrepMastery.com
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