On today’s episode, John and Erica talk about college saving strategies for young families with children under age 10. 

College expenses can seem overwhelming for young families who feel like it’s hard enough to save and invest for every day expenses and plan for retirement. 

During the episode, John explains the 529 college savings plan as well as his 3 part framework for tackling college savings. 

The 3 part framework includes:
Bucket 1)  A 529 College Savings Account
Bucket 2)  Family money at the time of college
Bucket 3)  Non-family money at the time of college 

At the end, John shares a hypothetical example of how young families can use this 3 bucket system to better organize and prioritize their educational costs and make their money work as efficiently as possible.  

On today&rsquo;s episode, John and Erica talk about college saving strategies for young families with children under age 10.&nbsp;
College expenses can seem overwhelming for young families who feel like it&rsquo;s hard enough to save and invest for every day expenses and plan for retirement.&nbsp;
During the episode, John explains the 529 college savings plan as well as his 3 part framework for tackling college savings.&nbsp;
The 3 part framework includes:
<ul>
<li aria-level="1">Bucket 1)&nbsp; A 529 College Savings Account</li>
<li aria-level="1">Bucket 2)&nbsp; Family money at the time of college</li>
<li aria-level="1">Bucket 3)&nbsp; Non-family money at the time of college&nbsp;</li>
</ul>
At the end, John shares a hypothetical example of how young families can use this 3 bucket system to better organize and prioritize their educational costs and make their money work as efficiently as possible.&nbsp;&nbsp;

The John Chapman Show is your source for retirement strategies to help you better manage your time and money. Pre-retirees face some major headwinds: ultra low interest rates, high stock valuations, increasing healthcare costs and longevity, and the ever changing tax and estate laws. If you're planning to retire within the next 10 years, are you on track to attain financial independence? Host, John Chapman, is a CFP® and Partner at WorthPointe, a boutique wealth management firm helping clients get the most from life with the money they do have. For more information, you can check out www.thejohnchapmanshow.com. 

The John Chapman Show is your source for retirement strategies to help you better manage your time and money. Pre-retirees face some major headwinds: ultra low interest rates, high stock valuations, increasing healthcare costs and longevity, and the ever changing tax and estate laws. If you're planning to retire within the next 10 years, are you on track to attain financial independence? Host, John Chapman, is a CFP&reg; and Partner at WorthPointe, a boutique wealth management firm helping clients get the most from life with the money they do have. For more information, you can check out <a href="http://www.thejohnchapmanshow.com">www.thejohnchapmanshow.com</a>.&nbsp;

The John Chapman Show Podcast

Planning to retire in the next 5-10 years? Want to ensure you are retirement ready? 

The John Chapman Show is your source for retirement strategies to help you better manage your investing, tax, insurance and estate planning.  

Pre-retirees biggest risks lie in not just investing the wealth they’ve built, but also in maintaining an up to date and secure financial plan as life changes. 

As you make the final push in your working career, be sure to stay on track with your financial plan so that ultimately you get the MOST from life with the money you do have. 

Host, John Chapman, is a CFP® and Partner at WorthPointe, a boutique wealth management firm helping clients gain financial peace of mind.

Planning to retire in the next 5-10 years? Want to ensure you are retirement ready?&nbsp;
The John Chapman Show is your source for retirement strategies to help you better manage your investing, tax, insurance and estate planning.&nbsp;&nbsp;
Pre-retirees biggest risks lie in not just investing the wealth they&rsquo;ve built, but also in maintaining an up to date and secure financial plan as life changes.&nbsp;
As you make the final push in your working career, be sure to stay on track with your financial plan so that ultimately you get the MOST from life with the money you do have.&nbsp;
Host, John Chapman, is a CFP&reg; and Partner at WorthPointe, a boutique wealth management firm helping clients gain financial peace of mind.

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