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Podcast: Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Episode: College Savings: How to Plan, Save, and Maximize Aid Eligibility
Description: Saving for college can feel like a daunting challenge for many parents, especially with tuition costs rising faster than inflation. In this episode, Dr. Disha breaks down a variety of college savings options and discusses the pros and cons of each, along with their impact on financial aid eligibility. From the popular 529 plans and prepaid tuition options to less common choices like Coverdell ESAs and custodial accounts, she provides a comprehensive guide to help parents make informed decisions about funding their child's education. Dr. Disha also emphasizes the importance of balancing college savings with retirement goals, ensuring that parents...