Are 529's Really The Best Investment For College?

These people need to realize, there really isn't such a thing as a top tier school, just an overpriced school

Guys - I’m a doctor (MD board certified pediatrician with my own practice). I’ve been asked ONCE in twenty years where I did undergrad, maybe twice where I went to medical school, and not a single time where I did residency training. I had a full scholarship to a state school and the Army paid for medical school. Zero debt higher education is possible!

they make 500k and they're afraid of paying for college? I'm crying

I’d rather have $800k than a degree lol

Top colleges are about making connections. That’s really what you pay for

It is not about top-tier schools; it is about finding the best fit for your kids.

It's officially sweater season in the Kenneth household. What a great time to be alive.

This was a great video. I have 4 kids and one went to Indiana University, one to University of Oklahoma, Vanderbilt and this last child Purdue. I made my kids do cost spreadsheets for every school they wanted to go to. You had to prove to me the whys and how. All 4 college educated and debt free. The Vandy child was a full ride and the others were tuition free. I'm not killing myself by having so much debt and now I can't live. I have a cousin who happens to be a MD and he started at a community college and worked his way up. Great video.

I assume she is in her late 20's or possibly early 30's. If you're making $500K / year, the baby steps aren't baby steps, they are giant leaps and bounds. The steps aren't steps....All she has to do is put $100K in the 529 for each kid. Put $500K in the retirement accounts. You do both of those early enough, you just use time on your side to watch it grow. This is part of the coast FIRE calculation that works.

500k household income and you have a question like that and don't clearly understand you can cash flow college? I need to know what they do for a living because I'm definitely doing something wrong.

I’m here taking notes! I have fully funded my emergency fund now moving on to investment accounts 🙂

At 5:50, George misspoke. Money does not go into a 529 plan tax free. Some states do allow a deduction when you contribute. Your federal return does NOT allow a deduction.

That was a great doctor analogy.

Rough times. I pray that they can get though all of it.

A couple who makes $500k combined and they went to an elite college... but these hosts say it doesn't matter where you went to college. If you can afford to send your kid to one of these schools then I'd do it because you're going to surround them with other smart and/or wealthy students. This network will put them on a better path in life, relationships, jobs, etc. Now going into a ton of debt for these programs might not be a wise move but this couple should be multi-millionaires by the time their kids go to college.

In some circles its not what you know , its WHO you know.

While I don't ask for physical diplomas, I do check where doctors/dentiats graduated from, as a part of their profile. I skipped one specifically that graduated from a Carribean medical school that did not have great references.

4:05 😂wow thats a good one Ken Coleman you got me thinking on that one !!!!!!!!!!! Nice love it !!

this is good advice.

Makes 500k, sounds like she makes 30k... perhaps that name brand school really does count 😂