On this edition of MoneyWise, Steve Moore and Rob West chat about 529 plans explaining what they are and some common mistakes people make with them like assuming your money will grow, forgetting to adjust your asset allocation and savings rate, getting the timing of your contributions wrong, getting the timing of your withdrawals wrong, and emptying the account when your child doesn't need the money.
Next, they answer your questions at (800)525-7000 and email@example.com about the following:
- If you have money in an IRA, what is the best use of this money?
- If someone told you that since you're a senior you don't need to tithe anymore, is this true?
- What is better, a will, or a trust?
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