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Podcast: Money Ripples Podcast
Episode: "The 529 Trap: Why Locking Up Your Kid’s College Money Could Backfire"
Description: Start making passive income here: https://bit.ly/4lYGFgb What if the college fund you've been diligently saving into a 529 plan actually ends up harming your child's financial future instead of helping it? In this episode of The Money Ripples Podcast, I challenge one of the most widely accepted "smart money moves" for parents: the college savings plan. Inspired by a popular social media post claiming that $100/month into a 529 plan could create a $2.6 million windfall, I break down the math, the assumptions, and most importantly, the hidden risks. I’m not here to bash saving money. But I a...