What Is a 529 Education Savings Plan? | Lance Humphrey on Fox San Antonio
Advisors fielding basic questions from clients about saving for a child's or grandchild's education get a plain-language, general-audience framing of how 529 plans are described and positioned. The segment is an explainer rather than a discussion of allocation, plan selection or tax detail.
Summary
By our deskA short local-television interview in which Lance Humphrey, head of portfolio management for Victory Capital Solutions, explains how 529 education savings plans work and how families can get started. Recorded with KABB Fox San Antonio morning anchor Ted Garcia for College Savings Month, the segment covers the flexibility the plans offer and the case for starting to save early, or later.
- Humphrey describes a 529 plan as a way to save for a loved one's education and explains how to get started.
- He compares saving for college to working out: results do not appear overnight, but steady effort adds up.
- He says it is never too early, or too late, to start saving for a loved one's future.
- The interview was conducted with KABB Fox San Antonio morning anchor Ted Garcia and timed to College Savings Month.
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