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When it comes to a college savings account, here are different state-sponsored 529 plans, the   tax benefits and more.

What Is the State of Your College Savings Plan?

    

In this episode of The Bottom Line,  Tim Schuster, a manager in EisnerAmper’s Private Business Services Group, discusses how starting a college savings account  —sooner rather than later—can help alleviate “sticker shock” for your child’s college education. Tim talks about the different state-sponsored 529 plans, what you can use the money for, the tax benefits involved and more.


Transcript

DAVE PLASKOW:Hello and welcome to “The Bottom Line.” This podcast examines the everyday business and finance issues faced by closely held and private businesses. We hope to provide you with news you can use in what we like to think of as a jargon free zone. I’m your host Dave Plaskow, and with us is Tim Schuster, a manager in EisnerAmper’s Private Business Services Group. In this episode we’ll discuss college savings accounts and what you should start doing sooner rather than later. Nice to see you Tim.
TIM SCHUSTER:Dave, it’s a pleasure as always.


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Mr. Schuster is a Manager providing tax compliance services to individual filers, as well as assistance on tax returns for companies in the manufacturing and real estate industries.

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