Rich Morgan from RIA Channel and Stacey Belford, Vice President, National Accounts of American Century Investments discuss 529s and the importance of the college planning process.
Belford explains the importance for advisors to include saving for college in their retirement plans for clients. Focusing on how many children the client has, other sources of savings, and income that could help, if they think they children would go to a public or private institution or enroll in a two- or four-year degree program.
American Century manages the Schwab 529 Savings Plan that offers aged based options for the beneficiaries, active or passive management options, as well as reduced fees on the account management.