Taylor Kovar

Taylor Kovar

Hey Taylor: I’ve been looking at the different ways I can put money aside for my kid’s education, and it seems like the 529 plan is the best bet. Am I missing anything? — Wendy

Hey Wendy: It’s true that a 529 offers the most incentives when it comes to saving for college. The only drawback is that you can’t put the money toward anything else, so you’re taking a pretty big leap of faith if you start funding the account when your child is still in elementary school.

Taylor Kovar is CEO of Kovar Capital. Read more about him at GoFarWithKovar.com.

Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/ or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

To submit a question to be answered in this column, please send it via email to Question@TaylorKovar. com, or via regular mail to Lessons on Wealth, 106 E. Lufkin Ave., Lufkin, TX 75901.

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