378: 529 Plans for Non-Parents: How to Help the Kids in Your Life Pay for College

Hey, I'm Chris.

I'm a former Analyst, Podcaster, and Producer. My goal is to help you understand your finances better in about the time it takes to make a bag of popcorn!

Do you have a child in your life that you want to help pay for their college tuition?

Tuition costs can range anywhere from $10k-$40k depending on if you attend a public or private college. Even on the lower end of the scale, that’s a lot of money to save and as someone who doesn’t have any kids but has a niece, I wanted to pick the brain of Marc Russell, the founder of BetterWallet to see if there’s any way I could help contribute to her college savings fund. Listen to today’s episode to get the details on contributing to a 529 plan as a non-parent, taxes, and everything in-between.

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