Mailbag: 529 Plans, Finances after Remarriage, Advisor Fees & More

<p class="MsoNoSpacing"><span style="font-size: 14pt;">We’ve got a mailbag edition of the podcast for you today! We’ve received some excellent listener questions recently, and we’re going to dive into a few of them in this episode. We cover a wide variety of topics, ranging from 529 plans to advisor fee structures, so stick around to see what you can learn.</span></p> <p class="MsoNoSpacing"><span style="font-size: 14pt;">Rosemary asks how much is too much to spend on a forever home. Valerie asks Dave and Drue for their thoughts on combining finances after getting remarried. Stay tuned as we explore potential pitfalls and offer practical advice on navigating the complexities of retirement.</span></p> <p class="MsoNoSpacing"> </p> <p class="MsoNoSpacing"><span style="font-size: 14pt;"><strong>Here are some of the questions we answer in today’s show:</strong></span></p> <ul> <li class="MsoNoSpacing" style="font-size: 14pt;"><span style= "font-size: 14pt;">I owe 21,000 on my truck, but that's my only debt. Should I make a withdrawal from my 401K to pay off the truck and be debt free?</span></li> <li class="MsoNoSpacing" style="font-size: 14pt;"><span style= "font-size: 14pt;">Should I set up a 529 plan for my grandkids or just invest on my own and give them the money when they go to school?</span></li> <li class="MsoNoSpacing" style="font-size: 14pt;"><span style= "font-size: 14pt;">How much is too much to spend on a forever home?</span></li> <li class="MsoNoSpacing" style="font-size: 14pt;"><span style= "font-size: 14pt;">I’ll likely be a widow for a significant portion of my retirement years. What sort of financial planning challenges does this create for me?</span></li> <li class="MsoNoSpacing" style="font-size: 14pt;"><span style= "font-size: 14pt;">I've talked to a few financial advisors about how they get paid and it sounds like they all have completely different models. Are there this many different fee structures or does everyone just explain it differently?</span></li> </ul> <p> </p> <p><span style="font-si