Alec Walker, EVP of Financial Planning at Crestmont Private Wealth discusses strategies for college savings during the back-to-school season. Alec covers the rising costs of college, the benefits and drawbacks of 529 plans, recent legislative changes, multi-generational planning, and tips for managing student debt. He also shares personal stories and practical advice for families planning for education expenses.
Timeline:
- 00:00 – Introduction & Host Welcome
- 00:30 – Back-to-School Season & College Savings Overview
- 00:52 – Analyzing College Funding Goals
- 01:12 – The True Cost of College Today & in the Future
- 02:09 – Inflation and Projected College Costs
- 02:32 – Why Start Saving Early?
- 02:59 – Ways to Save for College: Savings, Investments, 529 Plans
- 03:22 – 529 Plan Benefits & Drawbacks
- 04:04 – 529 Plan Flexibility & Financial Aid Impact
- 04:44 – Running College Savings Analyses for Clients
- 05:23 – Recent Legislative Changes: Expanded 529 Uses
- 06:03 – 529s for Trade Schools & Credentialing
- 06:19 – Rolling Over 529 Funds to Roth IRA
- 06:54 – Multi-Generational College Planning
- 08:28 – Gifting to 529s for Birthdays & Holidays
- 08:58 – Student Debt: Strategies for Repayment
- 09:31 – When to Pay Down Debt vs. Invest
- 10:11 – Importance of Working with an Advisor
- 10:57 – Personal Story: University of Houston & Family Tradition
- 12:00 – Closing Remarks & Contact Information
Original Air Date: July 26, 2025 at 8:30am as heard on Boerne Radio 103.9FM
Contact: www.crestmontpw.com
Alec Walker in Houston: 831-280-5288
Sam McGee in Boerne: 830-368-2898
See omnystudio.com/listener for privacy information.
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