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Investing for Kids Tax Free: Turn $7k into $1 Million For Kids | 529 College Savings Plan

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Brendan Evan

The easiest way to set your kids up for a lifetime of success is finally here. Starting at the beginning of 2024, you can invest a bit for your kids and have an amazing plan to cover 2 of their largest expenses in life: education costs and the massive sum needed for retirement! This is not too good to be true, its a simple new rule that was set in motion over a year ago that allows this to be 100% legal, plus you might already be doing part of it. Tell your family to skip the loud toys and video games as gifts for your kids and send in some money to this account ASAP to help set up a lifetime of financial security. Turn around the "normal" of starting off life on the wrong foot and ending it with the average of $200k saved for retirement (hint: that's not nearly enough). Let's make this generation different!

⏱Handy Timeline:
0:00 Intro 100x growth, for real
0:57 3 Parts
1:46 Part 1: HOW TO DO THIS
4:16 Part 2: THE 2 METHODS TO SAVE
4:33 Method 1: Save over time
5:31 Goal amount and why
6:44 What are we doing with it?
8:02 Limit!
9:15 Total cost to us to do this
12:18 Method 2: Lump sum
13:38 Mindblowing 100x return
15:28 Is it enough though?
17:26 Make it easier to afford
17:59 PART 3: THE RULES
23:02 Hardest part
24:30 Is this not totally insane?
26:23 What questions do you have?

The LOOOONG PDF I referenced for the rules we have to follow:
https://personal1.vanguard.com/pdf/52...


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#BrendanEvan
Disclaimer: Any financial or investingrelated topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!

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posted by Healihyxo