{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"$100K College Fund Mistake: New IRS Rules Changed Everything","description":"I almost made a $100K mistake with my kids' college savings. In this video, I reveal how the new IRS rules for 529 plans completely changed my saving strategy and potentially saved me from a costly error. I break down: - The traditional 529 college savings approach and its hidden risks - The game-changing 2024 IRS rule allowing 529-to-Roth IRA conversions - How to build a true financial &quot;launchpad&quot; instead of just a college fund As a parent of two young boys and former educator with nearly 20 years of experience, I've learned that success isn't just about education\u2014it's about giving your kids financial flexibility and freedom. &amp;nbsp; \ud83d\udd17 FutureMoney (Custodial Account Platform) - use referral code: RichSmith https:\/\/teachingmillionaires.com\/recommends\/futuremoney &amp;nbsp; \u23f1\ufe0f CHAPTERS: 00:00 - The $100K College Savings Mistake I Almost Made 01:06 - Why Traditional College Planning Falls Short 02:41 - The $100K Question: What If They Skip College? 03:44 - Game-Changing 529-to-Roth IRA Rules for 2024 05:47 - Why Ages 18-30 Need Capital the Most 06:51 - Our 60\/40 Strategy: 529s and Custodial Accounts 08:22 - Building a Financial Launchpad, Not Just a College Fund 09:54 - The Legacy of Financial Freedom for Your Kids &amp;nbsp; #CollegeSavings #529Plan #ParentingTips &amp;nbsp; \u26a1\ufe0f Connect with Rich: \u25b6\ufe0f Subscribe for weekly financial insights: https:\/\/teachingmillionaires.com\/youtube-subscribe \ud83d\udcf1 Follow on Instagram: https:\/\/teachingmillionaires.com\/instagram \u2716\ufe0f X: https:\/\/teachingmillionaires.com\/twitter \ud83d\udcd8 Facebook: https:\/\/teachingmillionaires.com\/fbgroup \ud83c\udf10 Website: https:\/\/teachingmillionaires.com \ud83c\udfa7 Apple Podcasts - https:\/\/teachingmillionaires.com\/apple-podcast \ud83c\udfa7 Spotify - https:\/\/teachingmillionaires.com\/spotify-podcast&amp;nbsp; &amp;nbsp; \ud83d\udc65 About Rich Smith: Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps. &amp;nbsp; \ud83d\udccc This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only. ","author_name":"Teaching Millionaires","author_url":"https:\/\/TeachingMillionaires.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/36387270\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/daa520\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/36387270"}