College Is Expensive. Here’s How Smart Parents Plan for It.

Four-year college isn’t the default anymore…  but saving for your kid’s future absolutely is.

Today, Nicole breaks down the modern playbook for affording college whether your kid is a newborn, or if they’re applying to colleges now. This is your simple guide to 529 plans, custodial accounts, Coverdells, prepaid tuition plans, and the newest government-backed savings option making headlines. If you’ve ever wondered, “What happens to a 529 plan if my kid doesn’t go to college?” Nicole will teach you a smart move there, too.

Check out Nicole’s financial literacy course The Money School 

Find a Financial Advisor or Financial Coach from Nicole’s company Private Wealth Collective

Watch video clips from the pod on Money Rehab’s Instagram and Nicole Lapin’s Instagram

Here’s what Nicole covers today:

00:00 Are You Ready for Some Money Rehab?

01:11 Where To Start If You Have a Newborn

01:28 Everything You Need to Know About 529s

04:44 Where To Start If Your Kid Is in Grade School

05:42 The Pros and Cons of Custodial Accounts

08:17 Where to Start if Your Kid Is in High School

10:32 Tip You Can Take Straight to the Bank

All investing involves risk, including loss of principal. This episode is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a licensed professional before making financial decisions.