Episode Description
Are you missing out on one of the most powerful tax-advantaged ways to save for your kids’ education?
Saving for your children’s education can feel overwhelming, especially when you’re balancing student loans, retirement planning, and a busy medical career. Yet one of the most effective tools available to physician families, the 529 plan, is often misunderstood or underused.
In this episode, Daniel Wrenne is joined by Theresa Scheu to break down how 529 plans actually work and why starting early can make a significant difference. They discuss the tax advantages, how state plans vary, and why many physician families benefit from using these accounts as part of a long-term education strategy.
Listen in to learn how 529 plans provide tax-free growth for education expenses, why early contributions benefit from compounding, how to evaluate state plans and potential tax deductions, and the flexible ways these accounts can be used for education across your family.
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- Compare 529 Plans
- 529 Plans by State
- Morningstar 529 Ratings: The Best Plans of 2025
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- Connect with me on my LinkedIn
- Contact Finance for Physicians
- Finance for Physicians
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