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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.


More Podcasts in This Series
Pair of New Laws Impacts NJ Workers and Employers

Tim Schuster, a manager in EisnerAmper's Private Business Services Group, discusses new NJ legislative initiatives happening in Trenton that you should be aware of. The first is the New Jersey Family Leave Act and the second is the increase in NJ's minimum wage.


Creating a Quarterly Planning Calendar

In this episode of The Bottom Line, EisnerAmper Private Business Manager Tim Schuster discusses developing a quarterly planning calendar, including budget, tax planning and speaking with your trusted advisor. Review these concepts monthly from an accounting perspective.



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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