WCI #463: 529 Plans: How Much to Save and What They Can Be Used For

529 plans are one of the most popular ways for families to save for education—but many parents still have questions about how much to contribute and what those funds can actually be used for. In this episode of the White Coat Investor Podcast, Dr. Jim Dahle answers several listener questions about 529 education savings plans, including how much parents might consider saving for a newborn child and how to think about long-term education funding goals. We also discuss the concept of "Trump accounts" (530A accounts) and what these proposed or new account types are intended to do. Finally, we explore whether 529 funds can be used for continuing education expenses such as CME, and how the rules around qualified education expenses actually work. Understanding the details of education savings accounts can help physicians and other high-income professionals plan more effectively for their children's education while staying tax-efficient. Resolve is the rated physician contract team, reviewing 1000+ physician contracts every year. They empower physicians with location specific compensation data which leads to unparalleled leverage during the physician contract negotiation process. A physician contract lawyer is included and can negotiate on your behalf – alleviating the stress that can go along with reviewing complex legal terms. Flat-rate pricing and flexible schedules are designed for a physician's schedules. Use code WHITECOAT10 for 10% off! The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and

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WCI #463: 529 Plans: How Much to Save and What They Can Be Used For is an episode from White Coat Investor Podcast by Dr. Jim Dahle of the White Coat Investor.

This episode is 01:07:03 long.

This episode was published on Mar 19, 2026.

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