03.27.24 Saving For College: 529 Plan Update / Upside Down Car Loans
Mar 27, 2024•28 min
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Episode description
Clark has news for parents and grandparents saving for a child’s college education. Also in this episode, reversals in the auto industry are landing many existing car loans underwater. What to do if you are upside down in a car loan.
- 529 Plan Update: Segment 1
- Ask Clark: Segment 2
- Upside Down Vehicle Loans: Segment 3
- Ask Clark: Segment 4
Mentioned on the show:
- Use the 529 Grandparent Loophole to Maximize College Savings
- Best 529 College Savings Plans By State
- Rollovers From a 529 Plan to Roth IRA: What to Know
- Target Date Funds: Clark’s Favorite Retirement Investment
- How To Find and Choose a Financial Advisor
- Car values plummet, putting car loans underwater
- More car owners are underwater on loans because of lower trade-in values
- What Is Gap Insurance? Definition, How It Works, When to Buy
- How to Buy a Used Car in 7 Steps
Clark.com resources
- Episode transcripts
- Community.Clark.com
- Clark.com daily money newsletter
- Consumer Action Center Free Helpline: 636-492-5275
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