Use This ‘Super’ 529 Strategy to Jumpstart College Savings

Plus, find out what’s new in the Medicare and You 2025 handbook. Created for {EMAIL} | [Web Version]( September 12, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into Medicare Advantage Losses]( It’s a big disappointment when your doctor tells you they will no longer accept your insurance. Scrambling to find a doctor you trust with a compatible schedule can be a chore. However, there is more disruption and disappointment when your insurance plan decides to leave your local market, which is what many Medicare Advantage plan participants will face in coming months. Some Medicare Advantage plan insurers are planning on leaving their least profitable markets. Why is this happening, and will you be impacted? Read my article about [Medicare Advantage customers facing a shrinking pool of insurers]( to learn which insurers are planning to drop customers, how to find out if your plan is being canceled and your options for new coverage. - Donna LeValley, personal finance writer [Build a Retirement Plan that's Right for you]( A comprehensive retirement plan should account for all of your sources of income (including Social Security) and all of your retirement expenses. Our advisors can help you make sure you don't miss anything. [LEARN MORE]( ADVERTISEMENT [] 529 EDUCATION PLANS [] [Use this ‘Super’ 529 Strategy to Jumpstart College Savings]( [Use this Super 529 Strategy to Jumpstart College Savings]( (Getty Images) The utility of 529 plans is unique. Funds can be used to pay tuition, pay down student loans and fund IRAs. They are also a great estate planning tool for grandparents with the liquidity to “superfund” the account. This super funding strategy allows the 529 funds to compound faster and reduces your taxable estate — a true win-win situation. Keep reading to [learn about the rules that govern the superfunding a 529 account]( to get a tax break and build an education nest egg. [] MEDICARE 2025 [] [What's New In the ‘Medicare and You’ Handbook]( [What's New In the Medicare and You Handbook]( (Getty Images) Medicare Open Enrollment starts in about four weeks and the new “Medicare and You” has been released. Currently, the digital and audio formats are available and printed copies are being mailed to Medicare beneficiaries and should arrive by the end of September. Read on to [find out what’s new in Medicare this upcoming year]( and download your own copy. [7 Secrets About Hiring a Financial Advisor]( Working with a financial advisor can be a crucial part of any healthy retirement plan. But choosing the wrong one could wreak havoc. Check out these 7 secrets comfortable retirees know about hiring an advisor, so you can work to potentially save years of stress. [See the list]( ADVERTISEMENT [] ACCESS TO COSTCO SAVINGS [] [Things You Can Get at Costco Without a Membership]( [Things You Can Get at Costco Without a Membership]( (Getty Images) If you are miffed about the recent increase of a Costco membership fee, you have some options. You could tag along with a friend that has a valid membership or limit yourself to buying [the 5 things you can get at Costco without a membership](. [How To Diversify With Private Equity Investing]( Interested in investing in private companies in the tech sector, pre-IPO? Sign up on this platform to see these, and more investment opportunities. [Learn More]( ADVERTISEMENT: [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Ford recalls more than 90,000 vehicles. 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