Smart Strategies for Kids' Future Savings | What Works Wednesday with Leland Gross
July 9, 2025
Today we’re diving into one of the most common questions I get from parents and future parents alike: how do I start saving for my child’s future? Now if you know me—you know I like to keep financial planning both practical and purposeful. And when it comes to college savings, there’s no one-size-fits-all. From traditional bank accounts to 529 plans to custodial investment accounts, there are more options than ever—and more confusion. In this episode, I break it all down. I talk about the pros and cons of each savings vehicle, how taxes—like the kiddie tax—can impact your strategy, and a new twist that’s changing the game: the ability to roll unused 529 funds into a Roth IRA. It’s a conversation packed with clarity, strategy, and a few surprises that could make a big difference in how you plan. Whether you're just starting to save or reevaluating your approach as your kids grow, this episode will help you make informed, value-aligned choices that support your family’s future. So with that, let’s jump into today’s conversation on saving smart for what matters most.