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FBN’s Gerri Willis on the risks to families from the government under-funding 529 plans they are investing in for college.
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They answered hello everybody I'm Gerri Willis -- -- you trust for financial advice.
And fortunately a lot of parents they trusted the government.
And tell me about 529 savings plans for college the prepaid variety.
The purpose to lock in today's tuition prices for your kids -- your grandkids.
Elected officials extolling the virtues but hiding the risks.
It's a scandal now exploding out to the open all over the country in Illinois for example.
One of the plans offered by the state is over half a billion dollar short half a billion.
Over 50000 students short changed.
But Illinois is not the only example all across the country parents -- put down more than a hundred billion dollars.
Only to see these college funds -- woefully underperforming.
As you know I always warned consumers to be careful when buying an investment product and when the government is selling -- boy you better watch out that's my two cents in the.
