USA College Savings - 529 Plan - All the tax efficient ways available in USA to save for college expenses is explained in Tamil with English subtitles.
00:00 Intro
00:30 Savings Calculator
02:03 529 Savings Plan
03:33 Unqualified Withdrawal Penalty
05:16 Contribution Limit
07:22 State tax benefit
08:18 Choosing best 529 plan
11:15 How to invest the money in 529?
12:27 ROTH IRA
13:11 Next Episode
Calculator:
https://docs.google.com/spreadsheets/d/1_B6B0wWhGKM-S4JtHmjsfv4VpZ5FFojfmzp6S78L45I/edit?usp=sharing
Instructions to copy the file:
If you are using mobile, click the three dots in the top right corner, then export & Share and then make a copy. That will copy the file to your account so that you can edit. If you are in a desktop computer, go to File - Make a Copy to copy the file.
Related Videos:
College Expenses in USA: https://youtu.be/qMaRl1xPyYM
College Savings in India: https://youtu.be/VMLKx4HOWv0
Tax Saving Priorities in USA: https://youtu.be/nIUxfSXEdHQ
401K Explained: https://youtu.be/XeJCj7bTWMg
Roth 401K Vs Pretax 401K: https://youtu.be/KO4CNIDm_-o
After Tax 401K: https://youtu.be/AGyWcG101Gs
IRA/Roth IRA: https://youtu.be/WxveEmuJVQY
References:
529 Eligible Institutions: https://www.savingforcollege.com/eligible-institutions
529 Plan Reviews: https://www.whitecoatinvestor.com/best-529-plans-reviews-ratings-and-rankings/
Financebuff State Groups: https://thefinancebuff.com/529-plan-deduct-and-run.html
Other 529 References:
https://www.whitecoatinvestor.com/tax-break-for-the-rich-the-529-account-back-to-basics-series/
https://www.savingforcollege.com/article/how-much-can-you-contribute-to-a-529-plan
LinkedIn: https://www.linkedin.com/in/vijay-mohan-sn/
Twitter: https://twitter.com/InvstmntInsght
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DISCLAIMER:
The content of this video is my own opinions and is for information purposes only. It is not intended as a substitute for professional financial advice. It is only intended to provide education about investments.