Saving for college with 529, custodial account

ByJustin Mendoza KGO logo
Thursday, September 19, 2019
Exploring college savings plans
Colleen O' Brien from Charles Schwab spoke to 7 on Your Side's Michael Finney regarding savings plans for college expenses on Sept. 18, 2019.

SAN FRANCISCO (KGO) -- A Sallie Mae report from 2018 says six in 10 parents are saving for their child's college education.

But, how are they saving? And what financial vehicles are they using?

7 On Your Side's Michael Finney spoke to Colleen O' Brien from Charles Schwab., and explored the options available for parents.

Watch the video above to see the entire interview.

Also, here are a few links to more college savings sources from Charles Schwab:

Schwab's guide to college savings options

529 College Savings Plans

Differences between 529 plans and custodial accounts

Take a look at more stories by Michael Finney and 7 On Your Side.