529 Plans: The tax-smart way to help save for college

College: It’s the number one savings priority for parents, according to the Fidelity 2024 College Savings Indicator Study. Yet, families are only on track to cover 30% of the expected costs.

It’s why, on this episode of the Money Unscripted podcast, we’re taking a deep dive into 529 plans. How do these flexible, tax-advantaged accounts work? Who can contribute? What kind of expenses do they cover? And what happens if your child doesn’t go to college? Join host Ally Donnelly and Fidelity’s Cory Latham as they hit the books to help you try and ace your college savings plan. Watch now.

College savings calculator: https://www.fidelity.com/misc/college-savings/college_savings.html

Check out Fidelity’s hub for all things college planning: https://www.fidelity.com/learning-center/life-events/prepare-for-college

View all episodes here: https://www.fidelity.com/learning-center/money-unscripted.

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