💼 Choosing the Right College Savings Plan for Your Child's Future

💼 Choosing the Right College Savings Plan for Your Child's Future

In this video "Debt Free Life Coaching" , Jorge Gonzalez compares two popular college savings options: the 529 Plan and a whole life insurance policy.

The 529 Plan offers tax benefits but comes with limitations like financial aid impacts and restricted fund use.

On the other hand, a whole life policy provides lifelong coverage, remains tax-free even if college isn't pursued, and doesn't affect financial aid. Jorge highlights how these differences can help parents make informed decisions for their child's future

the Right College Savings Plan for Your Child's Future