529 account
1 creator use or recommend it
Tax-advantaged savings plan designed to encourage saving for future education costs, sponsored by states and state agencies.
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How 529 account compares
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Scott says the 529 turned $5,000 into $85,000 by college. Foundation is a novel series, not a savings tool.
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1 creator
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Scott says the 529 turned $5,000 into $85,000 by college. Foundation is a novel series, not a savings tool.
"You can already open a 529. I put $5,000 in a 529 when my oldest was born. That fund, I just looked at it because my son's going to college in the fall. It's worth $85,000 now."
Compared favorably to Trump accounts; Tax Foundation says Trump accounts do not offer much additional incentive to save beyond existing 529s and Roth IRAs
What creators say
"You can already open a 529. I put $5,000 in a 529 when my oldest was born. That fund, I just looked at it because my son's going to college in the fall. It's worth $85,000 now."
More from Scott Galloway →"The president directed us: 'We have 529 accounts that already help the top 10%. That's not who we're focused on. This is about the main street agenda.'"
More from Brad Gerstner →"Well, you know, typically when people are saving for college, they use a 529 account, but here's where I think"
More from Sara Grillo →Keep exploring
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